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Insurance Glossary

Insurance Gobbledygook Made Simple

Plain English explanations of insurance terms used by agents, companies and lawyers and found in your insurance policies.

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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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