What is the Definition of Ordinary Life Insurance?

What is the Definition of Ordinary Life Insurance?

A life insurance policy that remains in force for the policyholder’s lifetime.

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 Ordinary Life Insurance?

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


What is the meaning of Limit

The maximum amount of protection purchased by the insured for a specific coverage.


What is the meaning of Limits of Liability

The amount specified in your policy up to which the insurance company will protect you.


What is the meaning of Loss

Any measurable dollar cost of damage and/or injury suffered by a person.


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