An insurance policy which the insured has the right to continue in force (by the timely payment of premiums as set forth in the contract) for a specified period of time. During that time, the insurance company cannot alter or cancel the policy.
a policy which the insured has the right to continue in force by the timely payment of premiums set forth in the policy to a specified age, (usually age 50) during which period the insurer has no nght to make unilaterally any change in any provision of the policy while the policy is in force. Return to Menu
Some policies cannot be cancelled by the insurer unless premiums are not paid or fraud has been committed.
A contract that the insured has the right to continue in force so longs as premiums are paid. The insurer cannot make changes to or revoke the insurance during this time.
A contract that the insurer cannot make changes to or cancel, as long as you pay the premiums.
A policy that can neither be cancelled nor can the premium be increased by the company, additionally no policy provision can be changed.