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Indivisible Contract

 
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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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more