Level term insurance


 

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Level term insurance

See 'life assurance'.

Level term insurance

A life insurance policy with a fixed face value and increasing premiums.



Level term insurance

Similar Matches

Travel insurance

Travel insurance

Insurance which gives cover to people travelling usually to foreign countries on holidays or business travel. Some of the benefits include reimbursement for medical expenses, loss of luggage and money, cancellation or curtailment, departure delay and loss of passport etc. Lump sums are payable for personal accident covering death, loss of limbs or eyes or permanent disablement. Certain legal expenses for claims against a third party causing injury to the insured are also payable plus personal liability cover if the insured causes injury to a third party or their property. The maximum amounts of cover for all the above cases are stipulated by the insurers.


Guaranteed insurance contract

Guaranteed insurance contract

A contract promising a stated nominal interest rate over some specific time period, usually several years.


Single premium life insurance

Single premium life insurance

A whole life insurance policy requiring one premium payment, which accrues cash value much more quickly than a policy paid in installments.


Coinsurance

Coinsurance

A sharing of the risk of an insurance policy by more than one insurer. Usually one insurer is liable up to a certain amount, the other liable over that amount.


Cost, insurance, freight

Cost, insurance, freight

See CIF.


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