Glossary

This glossary is taken from LOMA's Glossary of Insurance and Financial Services Terms. Copyright (c) 2002 LOMA (Life Office Management Association, Inc.). Used with permission from LOMA. All rights reserved. Copying or downloading this information without permission from LOMA is a violation of U.S. federal law and international law. For information on purchasing a copy of the Glossary or for additional information on LOMA and its educational programs, visit LOMA's Web site at www.loma.org. LOMA is a registered service mark of the Life Office Management Association, Inc.

The LOMA's Glossary appears on this web site by special permission of LOMA. However, LOMA makes no representation or endorsement, express or implied, regarding Madison National Life, or its products or services. LOMA is a not-for-profit trade association and is not related to Madison National Life in any way and use of this Glossary does not indicate a sponsorship, endorsement or affiliation with or by LOMA. You cannot use or rely on the definitions contained in LOMA's Glossary in interpreting any particular policy or contract, whether issued by Madison National Life or anyone else. These definitions are for general informational and educational purposes only. You should consult a professional for interpretation of terms in a specific contract. LOMA does not interpret insurance policies in whole or in part and LOMA is not legally responsible for any interpretation of policy or contract terms used by any insurer, Madison National Life or any other person.

Madison National Life, its subsidiaries and affiliates assume no responsibility and make no representations or warranties with respect to the contents of this glossary. This glossary is intended solely for general understanding and not intended to modify or interpret the terms of any insurance or investment policy/contract issued through Madison National Life, its subsidiaries and affiliates.