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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Accumulation Account |
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This is the value that has built up in most interest-sensitive whole life and universal life insurance policies. It is the total premiums paid, less mortality charges, administrative expenses and partial surrenders, if any, plus interest credited on the account balance. It is also sometimes called the Account Value. Visit our annuity site to learn about other products that can also build an accumulation account. See also Cash Surrender Value, Cash Value, Interest-Sensitive Whole Life and Universal Life. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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