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单词 life insurance cost surrender index
释义

life insurance cost surrender index

Definition
An index that establishes the guaranteed cash surrender value of a life insurance policy, which is shown to potential insureds. The index gives the value of the policy if surrendered at the 10- or 20-year mark, with interest on any applicable dividends calculated at 5 percent.
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更新时间:2025/3/15 1:00:25