Unlike most insurance policies that have a fixed value, the value of interest sensitive whole life insurance increases at a rate indexed to some value, such as Treasury Bills.
Interest-sensitive life insurance is a type of whole life insurance where the cash value can increase beyond the stated guarantee if economic conditions warrant. This is also called current assumption whole life insurance.
It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.
It does not seem they offer it. You may find this useful though www.annuity.com/typesoflifeinsurance.cfm
Whole life insurance can accrue interest. However, look at the charges associated with that type of insurance, and your outcome may be less.
Whole life insurance also has an investment component, so money made on the investment is taxed. If you have term insurance, then there is no interest earned, since it is strictly insurance.
Government Owned Life Insurance Corporation of India's New Jeevan Anand Policy is at present the best insurance policy in India, which is a mixture of endowment and whole life policy, which is indeed novel and unique in the whole world.
Whole life insurance that bases performance on current interest rates being credited and current mortality costs being charged
globe life insurance has two types of coverage term life and whole life. Both whole life and term life have unique costs but both can be just from around a dollar a day.
Basically Perm and Term. Perm or whole life or Cash Value life can be several different types such as Single Premium Whole Life, Indexed Universal Life, Universal Life, several different variations of WL such as Interest Sensitive WL and then there are the variables. Also, the "new" term pays you all your money back in the end. Broadly there are two types of life insurance: a. Term life insurance b. Permanent life insurance Term life insurance can be further categorized into: a) Annually renewable term life insurance (ART) b) Guaranteed level term life insurance c) return of premium life insurance (ROP) While permanent life insurance can be further categorized into: a) Whole life insurance b) Universal Life insurance c) To age 100 level guaranteed life insurance d) Survivorship or 2nd- to- die life insurance
Cash value of whole life insurance is referred to as the "Cash Surrender Value". The cash surrender value is money the policyholder is supposed to receive from the insurance company when surrendering the whole life insurance policy with cash value. The cash surrender value amount due is the sum of the cash value stated in the whole life insurance policy minus any surrender charge and any outstanding loans and interest due on the loans.
The only case where the insured can collect on their life insurance is with a whole life policy. In that instance any interest or dividends are taxable.
Every whole number is unique: no two whole numbers are the same!