Lucian Group
Lucian Trust Company
Lucian Development


Annual percentage rate (APR)
The periodic rate times the number of periods in a year. For example, a 5% quarterly return has an APR of 20%.


A regular periodic payment made by an insurance company to a policyholder for a specified period of time.

Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The seller of the bond agrees to repay the principal amount of the loan at a specified time. Interest-bearing bonds pay interest periodically.

Cash-surrender value

The amount an insurance company will pay if the policyholder cashes in a whole life insurance policy.

Durable Power of Attorney for Assets

Identifies who would make financial decisions for you, if you were unable to do so yourself.

Durable Power of Attorney for Health Care

Identifies who would make medical decisions on behalf of a person if you were unable to do so yourself.

Life Insurance

Provides for a payment of a sum of money upon the death of the insured.

Business Life Insurance
is used to address a number of needs including key man life and business succession planning.

Permanent Life Insurance
which includes both whole life and universal life insurance is used when insurance protection is needed for a longer period of time. Fixed and variable are the two most common types of permanent insurance. Both types of permanent life insurance also have the potential for cash value accumulation. Survivorship Life Insurance is a special policy designed to cover two individuals under one policy. The death benefit is typically paid at the death of the last insured.

Term Life Insurance is the most basic type of life insurance. It provides affordable protection for a specified period of time such as 5,10 or 20 years. Term insurance works especially well for young families who need a lot of protection at an affordable price.

The degree to which an asset or security can be bought or sold in the market without affecting the asset's price. Liquidity is characterized by a high level of trading activity. The ability to convert an asset to cash quickly and with little or no price discount.

Living Trust
When one creates a trust they are both the trustor and trustee, creator and administrator of the trust.  A living trust can be either revocable or irrevocable. A revocable trust is completely changeable at any time while the trustor is living. A living trust completely avoids probate and therefore gets assets distributed significantly faster than a will does. It also offers a higher level of confidentiality, as probate proceedings are a matter of public record. Additionally, trusts are usually harder to contest than wills.

Living Will

States your wishes regarding life support if life is being sustained solely by artificial means.

Maturity date

Usually used for bonds. Date that the bond finishes and is paid off. Date on which the principal amount of a note, draft, acceptance, bond, or other debt instrument becomes due and payable.

Nomination of Conservator
Identifies who would be responsible for your person if you became incompetent.

Offshore finance subsidiary

A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to issue securities abroad for use in either the parent's domestic or foreign business.

Pour Over Will
Identifies who would probate any assets inadvertently left out of the trust, if necessary.


To establish the validity of (a will) by probate.

Second-to-die insurance

Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs.