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GLOSSARY

 GLOSSARY TERMS by Alpha
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Vacant property
Valuable papers coverage
Valuation
Valued policy
Valued policy law
Vandalism and malicious mischief
Vanishing premium policy
Variable death benefit
Variable Life Insurance
Verbal threshold
Vested commissions
Viatical Settlement
Vicarious liability

Vanishing premium policy

A participating whole life policy on which dividends are allowed to accumulate until those accumulated dividends plus future dividends are sufficient to pay all subsequent premiums under the policy.

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