|
 |
Investing Glossary:
Savings element
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- S -
| Term: |
|
| Definition: |
| Used in the context of life insurance, the Cash value built Up in a policy, which equals the amount of premium paid Minus the cost of protection. This excess is invested by the Insurance company, and the returns are tax-deferred inside the policy.
|
|
|
| |
|
