Glossary

Vesting age
This is the age when the rights under the policy vests with the name individual.

Violent, external and visible
This is used, as a guideline to determine when death or disability is caused by an event deemed as an accident. Violence is usually present and this includes physical violence, person exerting themselves physically, carrying heavy weights or injury caused by drowning, suffocation by inhalation of gas or smoke. External is where the cuse us nit an internal injury and any cause which is external is visible.

Volatility
The degree to which a mutual fund's share price will change in value.