Cash Accumulation Method
Procedure used to compare the costs of life insurance policies by having equal death benefits of the policies held constant and accumulating the differences in the premiums paid among the policies at a given interest rate over a stipulated period of time. At the end of that time period, that policy with the largest accumulated value in the difference of the premiums paid is the best cost effective policy.
Popular Insurance Terms
Coverage for property which moves from location to location either on a scheduled or unscheduled basis. If the floater covers scheduled property, coverage is listed for each item. If a ...
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Rating system under which a specific premium rate, rather than a manual or class rate, is assigned to each unit of exposure. ...
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Death from other than accidental means. ...
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