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Related Definitions
Single-premium whole life insurance Single-premium whole life insurance is a whole life policy that provides lifetime protection with a single premium payment. Single-premium whole life insurance is a whole life policy that provides lifetime protection with a single premium payment.
Current assumption whole life insurance Current assumption whole life insurance is nonparticipating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience.
An accumulation account is credited with a current interest rate that
Whole life insurance Whole life insurance is a life insurance that remains in effect for the insured’s entire life and pays on death.
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