Accumulation Unit
Measure of policyholder interest in a variable annuity policy prior to the annuity date. This measure is similar to a unit in a mutual fund.
Popular Insurance Terms
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Costs incurred by an insurance company other than agent commissions and taxes; that is, mainly the administrative expense of running a company. ...
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Statement showing the amount of money owed the agent by the insurance company, according to the contract he or she has with the insurance company. ...
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