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

Life insurance policy

Life insurance policy

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


War Risk Insurance

War Risk Insurance

Separate insurance coverage against loss or damage due to acts of war (including objects left over from previous wars).


Insurance

Insurance

Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.


Buildings insurance

Buildings insurance

Insurance which covers the policyholder against certain building losses or damages which may occur. The insurers will usually specify a maximum claim limit (the sum insured) which is the full rebuilding cost of the home. It is the owner's responsibility to ensure the sum insured is correct and to regularly update this cover, and failure to do so may invalidate the policy.


Convertible term insurance

Convertible term insurance

Term life insurance which can be converted into cash value insurance. In the UK the equivalent (convertible term assurance) is conversion of term assurance into endowment assurance.


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