Term
| a fixed-premium policy in which the death benefit and cash values vary according tot he investment experience of a separate account maintained by the insurer |
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Definition
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Term
| in variable life insurance, the death benefit and cash surrender values will increase or decrease with the investment experience of the |
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Definition
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Term
| a variable life insurance policy is a permanent whole life contract with a |
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Definition
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Term
| the premium in a variable life insurance policy is level and |
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Definition
| guaranteed not to increase |
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Term
| the entire reserve is held in a separate account and is invested in other stocks or other investments |
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Definition
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Term
| in variable life insurance, if the policy owner chooses to invest the reserve and the investment is favorable, the face amount of the insurance is |
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Definition
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Term
| if the investment experience in variable life insurance is poor, the amount of life insurance could be reduced, bt it can never |
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Definition
| fall below the original face amount |
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Term
| in variable life insurance, cash surrender values are not guaranteed, and there are not minimum |
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Definition
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Term
| in variable life insurance, the actual cash values depend on the |
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Term
| also called flexible premium life insurance |
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Definition
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Term
| a flexible premium policy that provides protection under a contract that unbundles the protection and saving components |
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Definition
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