Straight term insurance policy


 

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Straight term insurance policy

Term life insurance policy providing a fixed-amount death benefit over a certain number of years.



Straight term insurance policy

Similar Matches

Reinsurance

Reinsurance

The transferring of a portion of the liability to other insurers. Example: Insurer A insures for $200,000, A insures for $100,000 and reinsures the "second" $100,000 through B insurer, The "first" $100,000 is called "primary liability."


Umbrella personal liability insurance

Umbrella personal liability insurance

In the US, liability insurance giving excess cover over and above that cover provided by other policies. For example if general policies give total liability insurance cover of $400,000, an umbrella policy could typically provide cover of $1 million. If a claim of $700,000 were made the umbrella policy would pay out only after the $400,000 has been first exhausted.


Home Warranty Insurance

Home Warranty Insurance

Private insurance insuring a buyer against defects (usually in plumbing, heating, and electrical) in the home he has purchased. The period of insurance varies and both new and used homes may be insured.


Homeowners insurance policy

Homeowners insurance policy

An insurance policy protecting a homeowner against damage or loss to property.


Life insurance policy

Life insurance policy

The contract that sets out the terms of life insurance coverage.


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Buildings insurance
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