That rate of interest doubles policy account values every six or so years. (alephblog.com)
Monthly Anniversary Adjustable life, indexed life, universal and variable universal life insurance policies account for expenses and credits on a monthly basis. (termland.com)
In case of death or maturity benefit, the balance in the Individual Policy Account is reduced by an amount equal to the interest credited in advance for the remaining part of the quarter. (comparepolicy.com)