vanishing premium
Vanishing premium refers to policies where future premiums are paid by the buildup in cash value or the experience account of the insured.
vanishing premium
Vanishing premium refers to policies where future premiums are paid by the buildup in cash value or the experience account of the insured.
Additional Information
A vanishing premium is used mostly in life insurance but can be a feature of policies of indemnity written on a finite risk basis.
