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2. Whole life insurance - Wikipedia

   en.wikipedia.org/wiki/Whole_life_insurance

   The life insurance manual defines policy dividends as refunds of premium over-payments. They are therefore not exactly like corporate stock dividends, which are payouts of net income from total revenues. Modified whole life insurance features smaller premiums for a specified period of time, followed by higher premiums for the remainder of the ...

3. Modified endowment contract - Wikipedia

   en.wikipedia.org/wiki/Modified_endowment_contract

   A modified endowment contract (MEC) is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy. In a modified endowment contract, distributions of cash value are taken from taxable gains first as compared to ...

4. What is cash value life insurance? - AOL

   www.aol.com/finance/cash-value-life-insurance...

   Note: If the life insurance policy is a modified endowment contract (MEC), taxes are different. ... Whole life insurance. Whole life insurance provides steady, reliable coverage. This policy type ...

5. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.

6. Whole life insurance

   www.aol.com/finance/whole-life-insurance...

   Simplified whole life insurance: You may want to explore simplified whole life insurance if you are worried that you may not qualify for traditional policies due to health issues. Although there ...

7. Term vs. Whole Life Insurance: What’s the Difference?

   www.aol.com/term-vs-whole-life-insurance...

   Benefits. Term Life Insurance. Whole Life Insurance. Duration. Varies; can last for a period of years or to a specific age. Life. Cost. Variable, but usually lower than whole life policies