Exam term

Account value

The accumulated fund inside a universal life or variable policy or a deferred annuity, increased by premiums and credits and reduced by charges. An annuity's can be withdrawn subject to surrender charges.

Lessons that use this term

Term, whole, universal, and variable life policy classes California
Free-look cancellation rights by applicant age California
Deferred annuity surrender and withdrawal charges, nonforfeiture, and death benefits New York