What does CD-ROM mean? CD-ROM, compact disc read-only memory (noun) a compact disk that is used with a computer (rather than with an audio system); a large amount of digital information can be stored and accessed but it cannot be altered by the user
The average life, also referred to as the âweighted average lifeâ or âweighted average maturityâ or âWAM,â is a reflection of the rapidity with which the principal of an issue is expected to be paid.
This is great for seniors over the age of 65, 70 and 75 looking to cover final expenses. This policy does cost more than term life insurance since it is guaranteed to payout. Itâs best to set the maturity age to 100, 111 or 121 (Terminology: no-lapse guarantee universal life to age 100, to age 111 or to age 121).