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cash value life policy

См. также в других словарях:

  • Cash-Value Life Insurance — A type of life insurance policy that pays out upon the policyholder s death, and also accumulates value during the policyholder s lifetime. The policyholder can use the cash value as a tax sheltered investment (the interest and earnings on the… …   Investment dictionary

  • Cash value — The cash value of an insurance contract, also called the cash surrender value or surrender value, is the cash amount offered to the policyowner by the issuing life carrier upon cancellation of the contract. This term is normally used with a life… …   Wikipedia

  • cash value — noun : the amount available to the owner of a life insurance policy upon termination before maturity, being the reserve held by the company against the policy less the surrender charge if any * * * Insurance. the nonforfeiture value of a life… …   Useful english dictionary

  • cash value option — The right of an owner of life insurance policy to take the cash value of a policy which is a predetermined amount at a given point in time; generally limited to a specified period after default in premium payments …   Black's law dictionary

  • cash value option — The right of an owner of life insurance policy to take the cash value of a policy which is a predetermined amount at a given point in time; generally limited to a specified period after default in premium payments …   Black's law dictionary

  • Traditional Whole Life Policy — A type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never …   Investment dictionary

  • cash value — Insurance. the nonforfeiture value of a life insurance policy payable to the insured in cash upon its surrender. Also called cash surrender value, surrender value. [1895 1900] * * * …   Universalium

  • Add To Cash Value Option — A common benefit option on life insurance policies wherein the policy owner allows the dividends from policy to be used for the purposes of accumulating cash values. On death, the beneficiaries receive an increased death benefit from the cash… …   Investment dictionary

  • Cash Accumulation Method — A mathematical method of comparing the costs of different cash value life insurance policies. The cash accumulation method assumes that the death benefits for the policies are equal and unchanging. The aggregate total difference between the… …   Investment dictionary

  • life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …   Law dictionary

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

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