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Glossary of insurance terms
You searched for: current assumption whole life insurance
| current assumption whole life insurance: A variation of universal life insurance, this product involves fixed premiums and fixed death benefits. Its cash value growth depends on market conditions. If they are favorable and if premiums paid in the policy's first year are large enough, premiums for one or more years may be reduced to zero. |
Glossary of insurance terms
Sources: American Council of Life Insurance, Health Insurance Association of America, and Standard & Poor's
