Definitions for "Paid-Up Insurance" Add To Word List
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Life insurance on which no further premiums are required, yet the policy will remain in force for life (unless the policy is terminated by the policyowner).
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An insurance policy for which all required premiums have been paid.
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Life insurance policy under which all premiums have been paid, with no further premium payment due.
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Paid-up insurance is the amount of the sum insured that remains in force in the event that the policyholder definitively stops paying premiums. The contract specifies the various paid-up insurance values in accordance with certain specific anniversaries.
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This will remain as it is, with no need to pay additional premiums.
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life insurance policy under which all premiums have already been paid with no further premiums due
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Insurance that will remain in force with no need to pay additional premiums.
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(1) Insurance on which all required premiums have been paid. (2)The reduced paid-up insurance available as a nonforfeiture option.
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Insurance which does not require future premiums to provide the death benefit for the life of the insured person.
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Life insurance on which all the required premiums have been paid.
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A life insurance policy where the coverage is still effective but all required premiums have been paid.
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The insurance on which all required premiums have been paid.
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Insurance on which all premiums are paid but which has not yet matured by either death or endowment. An example would be a Limited Payment Life policy for which the premium-paying period is over.
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Insurance on which all required premiums have been paid. The term is frequently used to mean the reduced paid-up insurance available as a nonforfeiture option.
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A policy for which all premiums have been paid, with no further payments due.
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A life insurance policy where all premiums have already been paid, with no further premium payment due.
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Insurance on which it is guaranteed that no further premium need be paid.
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