- decreasing term insurance
-
a life insurance policy providing a death benefit that decreases throughout the term of the contract, reaching zero at the end of the term.
* * *
Universalium. 2010.
decreasing term insurance
Look at other dictionaries:
Decreasing Term Insurance — A type of annual renewable term life insurance that provides a death benefit that decreases at a predetermined rate over the life of the policy. Premiums are usually constant throughout the contract, and reductions in policy payout will typically … Investment dictionary
decreasing term insurance — a life insurance policy providing a death benefit that decreases throughout the term of the contract, reaching zero at the end of the term … Useful english dictionary
decreasing term assurance — ➔ assurance * * * decreasing term assurance UK US noun [U] (also decreasing term life assurance, decreasing term insurance) ► INSURANCE a life insurance agreement in which the amount paid over a fixed period of time is low and remains the same,… … Financial and business terms
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
Term life insurance — or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client… … Wikipedia
term assurance — temporary assurance A life assurance policy that operates for a specified period of time. No benefit is paid if the insured person dies outside the period. This form of insurance is often used to cover the period of a loan, mortgage, etc. If the… … Big dictionary of business and management
Mortgage Life Insurance — An insurance policy designed specifically to repay mortgage debt in the event of the death of the borrower. These policies differ from traditional life insurance policies in that, for a traditional policy, the death benefit is paid out when the… … Investment dictionary
Whole life insurance — Whole Life Insurance, or Whole of Life Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured s whole life and requires (in most cases) premiums to be paid every year into the policy. Contents 1 History… … Wikipedia
