Life Insurance Terms

Investment Terms


Face amount

The amount of the insurance payable that will be paid on the death of the insured life, within the policy. Also referred to as: amount of insurance, coverage amount or sum insured.

Face page

A schedule or a page that contains details about the insurance policy.

Final expenses

The costs incurred upon the death of the life insured. (funeral costs, taxes, legal/professional fees etc.)

Financial needs analysis

A procedure to review one's current financial objectives and situation in order to create a guideline of the needed amount of insurance

Flexible premium policy or annuity

The policyholder/contract holder may have a varied amount or timing of the premium payments under a life insurance policy.

Fund value

Total fund value shows the total amount of investment accounts under the universal life (UL) policy.

Face value

The principal amount, or value at maturity, of a debt obligation. Also known as the par value or denomination.

Fair market value

The price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell. The standard at which property is valued for a deemed disposition.


An individual or institution occupying a position of trust. An executor, administrator or trustee. Hence, "fiduciary" duties.

Fiscal policy

The policy pursued by government to manage the economy through its spending and taxation powers.

Fixed assets

Assets of a long-term nature, such as land and buildings.

Fixed dollar withdrawal plan

A plan that provides the mutual fund investor with fixed-dollar payments at specified intervals, usually monthly or quarterly.

Fixed liability

Any corporate liability that will not mature within the following fiscal period. For example, long-term mortgages or outstanding bonds.

Fixed income investments

Investments that generate a fixed amount of income that does not vary over the life of the investment.

Fixed-period withdrawal plan

A plan through which the mutual fund investor's holdings are fully depleted through regular withdrawals over a set period of time. A specific amount of capital, together with accrued income, is systematically exhausted.

Front-end load

A sales charge levied on the purchase of mutual fund units.

Fundamental analysis

A method of evaluating the future prospects of a company by analyzing its financial statements. It may also involve interviewing the management of the company.

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