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Glossary   >   C   >   "Capitalised Value" Definition            Capitalised Value Used in relation to group life policies that provide a pension for the spouse or other dependant of a member. The capitalised value is used for underwriting purposes and is an approximation of the lump sum that would be required to secure the pension. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Capitalised Value - Used in relation to group life policies that provide a pension for the spouse or other dependant of a member. The capitalised value is used for underwriting purposes and is an approximation of the lump sum that would be required to secure the pension.