Excess Interest Whole Life Insurance

Definition of "Excess interest whole life insurance"

Sudi Swirles
  Peak Swirles & Cavallito

Type of insurance under which it is assumed that the interest earned will exceed the interest rate guaranteed. Excess interest is credited to the policy owner in the following manner:

  1. in a mutual company paid to policy owners through the policy dividend structure.
  2. in a stock company paid to policy owners through their cash values or future premiums due.

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