indexed life insurance

indexed life insurance definition - business

indexed life insurance

Life insurance products with nonguaranteed additional credited interest tied to an index outside the contract. For example, the contract value of a policy may be tied to the performance of the S&P 500. Also called equity-indexed life insurance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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