1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Permanent cash value life insurance accumulated tax deferred. The cash values credited to the policy are net of all policy expense loads before earnings are applied. some life insurance companies go further in their definition by adding policy surrender charges to accentuate the net proceeds at the surrender of the policy.
    Answered on August 5, 2013
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