Term Life Insurance to Age 100

Term Life Insurance to Age 100

Term to 100, as people commonly refer to it, isn’t term life insurance at all.  It’s actually a form of universal life insurance known most commonly as Guaranteed Universal Life Insurance.  While this life insurance product is technically a form of permanent cash value life insurance, it functions much more like term life insurance, and …

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What is the Difference Between Accumulation Value and Cash Surrender Value?

What is the Difference Between Accumulation and Cash Surrender Value?

The primary difference between accumulation value and cash surrender value is any applicable surrender charge to the life insurance or annuity contract.  Accumulation value is the full accumulated cash value in the policy.  Cash surrender value is the accumulated value minus any applicable surrender charge or market value adjustment (MVA). It’s important to understand, however, …

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