Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Accumulation Value

This is the cash accumulation component of an annuity, universal life insurance policy or variable life insurance policy. The accumulation value reflects all premiums received, all withdrawals made, all expenses charged, as well as the cost of insurance deducted and interest credited.

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Accumulation Period

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