Interest credited to an insured’s contract, in excess of the amount guaranteed by the terms of the contract.
Interest credited to an insured’s contract, in excess of the amount guaranteed by the terms of the contract.
A clause in most Life Insurance policies which prevents the creditors of a beneficiary from claiming any of the benefits payable to him before he actually receives the money. The purpose of this clause is to keep those to whom he is in debt from taking legal action to require the insurer to pay the proceeds directly to them.


