August 26, 2005
Reduction of Premium
Using the dividends to pay down the premiums due for the next year.
Filed under Money Glossary by Tracy Phaup
August 17, 2005
Paid-Up Option
Using the dividends from a Whole Life Policy to pay off the premiums faster.
Filed under Money Glossary by Tracy Phaup
August 14, 2005
Whole Life
Required by law to show cash values in the first 20 years.
Filed under Money Glossary by Tracy Phaup
August 8, 2005
Universal Life Policy
The Insurer credits the policy with a current (non-guaranteed) interest rate and backs the cash value with a lower guaranteed (contract) rate.
Filed under Money Glossary by Tracy Phaup
August 5, 2005
Term Insurance Premium
All things being equal, the shorter the term the lower the premium.
Filed under Money Glossary by Tracy Phaup
