The value of a mutual fund share as determined at the close of each business day. The mutual fund adds up the market value of all securities in its portfolio, deducts expenses, and divides this total by the number of shares outstanding. All shares redeemed on that day are done so at the NAV for that specific day. A type of mutual fund offered by an open-end investment company that does not impose a sales charge on the purchase of shares. Most companies charge a reduced premium rate for non-smokers.
Most companies charge a reduced premium rate for non-smokers.
As long as the premiums are paid, the policy can not be canceled regardless of the current health of the insured. A type of insurance policy that does not pay dividends to policyholders. A form of retirement plan that does not qualify for federal income tax deduction. When the premiums on a cash value life insurance policy are discontinued prematurely, the cash value of the policy that is available, may be paid out to the policyowner or used to extend protection. Cash Surrender Value , Extended Term Insurance , Policy Loan , and Reduced Paid Up .