Business, Legal & Accounting Glossary
A life insurance policy that has terms linked to the insurance company’s earnings or performance as a stock or mutual fund. If lower mortality rates and expenses and/or higher than expected investment returns are experienced, policyholders benefit by an increase in the cash value of the policy, an increase in dividends paid, or a decrease in premiums. The death benefit remains the same regardless of performance. The cash value is also guaranteed not to drop below a predefined minimum.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Current Assumption Whole Life Insurance are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.