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What is indeterminate premium life insurance?In: Life Insurance [Recategorize] |
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Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay.
The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium. But your premium can never be more than the guaranteed maximum.
First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 199 [recommend question]
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