Circumstances in
life insurance in which, although a minimum rate is guaranteed, a
policyowner may earn additional (excess) interest, depending on the company's investment return. See also Current Assumption.
| Insurance Dictionary: Interest Rates, Guaranteed/Excess |
Circumstances in
life insurance in which, although a minimum rate is guaranteed, a
policyowner may earn additional (excess) interest, depending on the company's investment return. See also Current Assumption.
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