July 30, 2005
Cash Value Account
Any portions of the premiums not needed for expenses and mortality go towards the cash account.
Filed under Money Glossary by Tracy Phaup
July 19, 2005
Adjustable Life Policy
Can be Term or Whole Life.
Filed under Money Glossary by Tracy Phaup
July 15, 2005
Whole Life Policies – Three Types
Straight life, Limited Payment and Single Premium.
Filed under Money Glossary by Tracy Phaup
July 6, 2005
Joint Life Policy
The premium is paid on the average age of the two insureds’ and the survivor will receive a death benefit.
Filed under Money Glossary by Tracy Phaup
