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Excess Interest Whole Life Insurance


Definition of "Excess interest whole life insurance"

Kimberly Gibbs
  Keller Williams Realty Vero Beach

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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