What is the Definition of Paid-Up Policy?

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.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Paid-Up Policy?". 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