SKIP TO SITE NAVIGATION | SWITCH TO GRAPHICAL VERSION
| Alphabetical Listing |
|
Search |
| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | # |
 Cost Of Insurance |
Cost Of Insurance
Generally, in universal life contracts, this is a monthly cost that is deducted from the contract's account value to cover the "pure" amount of death benefit protection (death benefits less the account value). The current charges for these rates usually reflect expected mortality experience and may fluctuate in future years. However, these rates may never be more than the guaranteed maximum rates that are stated in the policy.
|
Apply Now
All Application Forms
Personal Finance