Interest Adjusted Cost
Procedure for calculating the cost of life insurance, taking into account the time value of money (investment return on sums placed in premium dollars had these sums been invested elsewhere). There are several ways to calculate interest adjusted cost based on time value of money.
Popular Insurance Terms
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Frequency of death. ...
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Same as term Expiration: termination date of coverage as indicated on the insurance policy. ...
Type of guaranteed investments contract in which the interest credited is adjusted on a periodic basis to reflect the investment earnings of the underlying assets of the contract. ...
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