Archive for August, 2005
Reduction of Premium
Posted by Tracy Batwinas in Money Glossary Friday, 26 August 2005 13:28 No Comments
Using the dividends to pay down the premiums due for the next year.
Paid-Up Option
Posted by Tracy Batwinas in Money Glossary Wednesday, 17 August 2005 09:30 No Comments
Using the dividends from a Whole Life Policy to pay off the premiums faster.
Whole Life
Posted by Tracy Batwinas in Money Glossary Sunday, 14 August 2005 22:32 No Comments
Required by law to show cash values in the first 20 years.
Universal Life Policy
Posted by Tracy Batwinas in Money Glossary Monday, 8 August 2005 23:33 No Comments
The Insurer credits the policy with a current (non-guaranteed) interest rate and backs the cash value with a lower guaranteed (contract) rate.
Term Insurance Premium
Posted by Tracy Batwinas in Money Glossary Friday, 5 August 2005 19:34 No Comments
All things being equal, the shorter the term the lower the premium.
