Posted on July 20, 2013July 20, 2013
A term which refers to the differences between the face amount of a policy and the reserve or cash value which has been built up under that policy.
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A combination of Installment Annuity and Term Insurance under which the amount of annuity consideration (premium) paid determines the amount of one-year renewable Term Insurance an annuitant can purchase and place on the life of anyone designated.