What is the Definition of Interest-Sensitive Insurance?

What is the Definition of Interest-Sensitive Insurance?

A general category of insurance products in which the face amount and/or the cash value vary according to the insurer’s investment earnings.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Interest-Sensitive Insurance?

What is the Definition of Interest-Sensitive Insurance?

You can find random definition and meaning of insurance terms below:


Meaning of Fraud in Insurance Terms

Intentional lying or concealment by policyholders to obtain payment of an insurance claim that would otherwise not be paid, or lying or misrepresentation by the insurance company managers, employees, agents and brokers for financial gain.


Meaning of Fraternal Insurer in Insurance Terms

A nonprofit organization that is operated solely for the benefit of its members and that provides its members with social and insurance benefits. Also known as fraternal benefit society.


Meaning of Free-Look Period in Insurance Terms

A period of up to one month during which the purchaser of an annuity can cancel the contract with no penalty. Rules vary by state.


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