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	<title>New answer on: What Is An Economatic Life Insurance Policy?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-an-economatic-life-insurance-policy</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sun, 02 Jun 2013 21:22:46 +0000</pubDate>

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		<description><![CDATA[Economatic life insurance, also called economy life insurance, is a combination of whole and term life insurance. The dividends paid by the participating whole life go toward changing the term coverage to whole life, so that by the end of a set number of years, the goal is that the entire policy is whole life.]]></description>

		

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-an-economatic-life-insurance-policy</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sun, 02 Jun 2013 14:52:02 +0000</pubDate>

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		<description><![CDATA[The life insurance industry lacks severe uniformity in its semantics, so that being said I’m addressing the question within the realm of a few possibilities. Economatic Life Insurance is sometimes defined as a participating whole life policy with a term rider to decrease the premium cost to the policy payer. In days gone by it was the method of monthly premium via a bank draft.  
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