What Does Excess Interest Mean?

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

Excess Interest

Excess Interest

The difference between the rate of interest the company guarantees to pay on proceeds left under settlement options and the interest actually allowed on such funds by the company.

We hope the you have a better understanding of the meaning of Excess Interest.

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