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Investing Glossary:
Savings element
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- S -
| Term: |
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| 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.
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