What is the Definition of Level Premium Policies?
Premiums paid for a life insurance policy or for a deferred annuity that remain the same each year that the contract is in force. Contrast with Modified premium policies and Single premium policies.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Level Premium Policies?
You can find random definition and meaning of insurance terms below:
Meaning of Employee Dishonesty Coverage in Insurance Terms
Covers direct losses and damage to businesses resulting from the dishonest acts of employees. (See Fidelity bond)
Meaning of Employee Retirement Income Security Act/Erisa in Insurance Terms
Federal legislation that protects employees by establishing minimum standards for private pension and welfare plans.
Meaning of Employer’S Liability in Insurance Terms
Part B of the workers compensation policy that provides coverage for lawsuits filed by injured employees who, under certain circumstances, can sue under common law. (See Exclusive remedy)
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