Paid up policy


 

Home
Site Map
Add Term
Search
About Us
Contributors

Paid up policy

In the USA, a life insurance policy where all premiums have been paid. This may be a policy where premiums are paid for a set number of years after which it is deemed paid up although continuing in force. In the UK, this is cancellation of premiums for a life assurance policy during the policy term where, instead of the policyholder applying for the cash value, he/she elects to leave premiums paid to date as a paid up policy which will give reduced benefits at maturity.

Paid up policy

A life insurance policy in which all premiums that are due have been paid.



Paid up policy

Similar Matches

Guaranteed renewable policy

Guaranteed renewable policy

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.


Fiscal policy

Fiscal policy

Government spending and taxing for the specific purpose of stabilizing the economy.


Multibuyer policy

Multibuyer policy

Ex-Im Bank program that provides credit risk insurance on export sales to many different buyers.


Umbrella policy

Umbrella policy

Insurance for exports of an exporter whose issuer handles all administrative requirements.


Guaranteed renewable policy insurance

Guaranteed renewable policy insurance

A type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders.


Further Suggestions

Traded endowment policy (Tep)
Interest sensitive insurance policy
qualifying policy
insurance policy
Rules-based trade policy
Straight term insurance policy
Policyholder loan bonds
Perfect market view (of dividend policy)
Commercial policy
loan protection policy
Open Policy
Policy asset allocation
Life insurance policy
Dividend policy
Policy schedule
Monetary policy
Group Universal Life Policy (GULP)
Section 226 policy
Single buyer policy
monetary policy
Nonparticipating life insurance policy
Competition policy
Fiscal policy
non participating life insurance policy
Small business policy


 
All rights Reserved. Do not copy without permission.