01.Core Concepts

Current assumption whole life insurance is a non-participating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience A non-participating policy does not pay dividends An accumulation account reflects the cash value under the policy If the policy is surrendered, a surrender charge is deducted from the accumulation account A guaranteed interest rate and current interest rate are used to determine cash values A fixed death benefit and maximum premium level at the time of issue are stated in the policy ‹#›