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 in which an applicant lot required to take a medical examination, instead answers written questions to ascertain his current physical condition. ...
In life insurance, action by an insurance company canceling premium payments by an insured who has been disabled for at least six months. The policy remains in force and continues to build ...
State plans that provide health insurance coverage for those who are unable to purchase medical insurance. Coverage is provided by a specially formed nonprofit-making pool comprised of all ...
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