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Home Improvement Directory |
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Insurance Glossary
Plain English explanations of insurance terms used by agents, companies and lawyers and found in your insurance policies.
Select a Letter to View Terms - V - Vanishing premium an option that allows a policy owner to stop paying premiums after a number of years. Variable life a type of whole life policy in which the death benefit and the cash value relate to the investment performance of a separate account fund that the policyholder selects. The separate account assets are invested in bonds, money market funds, stocks, and other instructions. |
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