In case of actual cash value policy, though, the coverage is less than the agreed value policy, the policy is usually available at a low price. (securenow.in)
It was generally 1/2 to 1/3 the cost of cash value policies with comparable death benefits. (hinermangroup.com)
These types of policies are used to stabilize the premiums over the course of the policy, as with cash value policies that premiums will not fluctuate. (insuranceproviders.com)