What Does Accumulation Account Mean?

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What does Accumulation Account mean? Read on to discover the definition & meaning of the term Accumulation Account - to help you better understand the language used in insurance policies.

Accumulation Account

Accumulation Account

An account, typically associated with Universal Life insurance plans, to which funds are added and from which risk charges are deducted. The balance earns interest.

We hope the you have a better understanding of the meaning of Accumulation Account.

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