IRR – The Finite Comparison Test
IRR is short for Internal Rate of Return. It can be used as a measure of either the death benefit or cash value of a life insurance policy. Since the principal purpose of a life insurance policy is...
View ArticleThe Meaning of Renewable and Convertible
Term insurance may be referred to as “Renewable” and “Convertible.” What do these terms mean? Renewable Level Term Insurance has a Level Death Benefit and a Level Premium, but the premium is only...
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