Almost all modified reserves are intended to accumulate lower reserves in early policy years than they would under the net level premium method. (en.wikipedia.org)
Furthermore, the strategy aligns with earlier policy initiatives (outlined in last month's newsletter), adding additional weight to the strategy. (passivehousecanada.com)
The cash surrender value is the amount of cash in your policy, minus any surrender charges for early policy withdrawals or termination. (insuranceandestates.com)