Inability to divide a Cash Value Life Insurance policy into a savings element and a protection element because, in theory, if the Policyowner withdraws a portion or all of the cash value, there is a reduction in the Death Benefit.
| Insurance Dictionary: Indivisible Contract |
Inability to divide a Cash Value Life Insurance policy into a savings element and a protection element because, in theory, if the Policyowner withdraws a portion or all of the cash value, there is a reduction in the Death Benefit.
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