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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