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

Current Assumption Whole Life Insurance

A type of whole life insurance where the cash values are based on the insurer's current mortality, investment, and expense experience. An amassment account is credited with a current interest rate, which changes over time. May also be known as interest-sensitive whole life insurance.

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