A form of life insurance that provides a buildup of money that remains untaxed in addition to a traditional death benefit. Whole Life Insurance, Variable Life Insurance and Universal Life Insurance fall into this category. Each has a different allocation of money once it is withdrawn from the policy. The monetary sum is only available when an insurance policy is cancelled.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser