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Investment-sensitive insurance
A
general category of insurance products in which
the death benefit and the cash value vary according
to the insurer's investment earnings. In investment-sensitive
insurance products, policyowners share a portion
of the insurer's investment risk. The exact benefit
amounts for these policies cannot be computed in
advance, beyond any guaranteed minimums. The specific
products that make up this category of insurance
include variable annuities, variable life insurance,
and variable universal life insurance. |
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