- extended term insurance
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life insurance in which a policyholder ceases to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits.
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Universalium. 2010.
extended term insurance
Look at other dictionaries:
extended term insurance — noun see extended insurance * * * life insurance in which a policyholder ceases to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits … Useful english 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
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
extended insurance — noun or extended term insurance : life insurance that after cessation of premium payments is continued in its original amount for the period allowed by the cash value … Useful english 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
Insurance Premium Tax (UK) — Insurance premium tax (IPT) is a tax paid by some insurance companies and insurance brokers that sell taxable insurance [Insurance premium tax, Business Link, [http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES itemId=1074407748] ] … Wikipedia
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
Extended coverage — is a term used in the property insurance business. All insurance policies have exclusions specific causes of loss (also called perils ) that are not covered by the insurance company. An Extended coverage endorsement(EC) was a common extension of… … Wikipedia
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
extended — A lengthening out of time previously fixed and not the arbitrary setting of a new date. Stretched, spread, or drawn out @ extended coverage clause Provision in insurance policy which carries protection for hazards beyond those covered (or… … Black's law dictionary
