What is the Definition of Limited Payment Life Insurance?

What is the Definition of Limited Payment Life Insurance?

Life insurance policy with premiums that are fully paid up within a stated period of time, such as 20 years.

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 Limited Payment Life Insurance?

What is the Definition of Limited Payment Life Insurance?

You can find random definition and meaning of insurance terms below:


Meaning of Derivatives in Insurance Terms

Contracts that derive their value from an underlying financial asset, such as publicly traded securities and foreign currencies. Often used as a hedge against changes in value.


Meaning of Difference In Conditions in Insurance Terms

Policy designed to fill in gaps in a business’s commercial property insurance coverage. There is no standard policy. Policies are specifically tailored to the policyholder’s needs.


Meaning of Diminution Of Value in Insurance Terms

The idea that a vehicle loses value after it has been damaged in an accident and repaired.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Limited Payment Life Insurance?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter