What is the Definition of Paid-Up Policy?
An insurance policy that requires no further premium payments but continues to provide coverage.
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 Paid-Up Policy?
You can find random definition and meaning of insurance terms below:
What is the meaning of Insurance ID Card
Also known as an Insurance Card, this card is issued by your insurer and contains basic information about your insurance policy. Some states require you to keep an insurance ID card in your vehicle.
What is the meaning of Insurance Score
Used in the underwriting process in some states. An individual's insurance score is frequently based, in part, on a person's credit history.
What is the meaning of Insured
A person or organization covered by an insurance policy.
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