MetaGlossary.com: Reinstatement Provision

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Keywords: Lapse, Policyowner, Nonpayment, Provision, Meet

Related Terms: Viatical Settlement, Policyholder, Guaranteed Renewable, Convertible Term Insurance, Conversion Privilege, Lapse, Surrender, Renewal Premium, Waiver Of Premium, Insured, Owner, Paid-Up Policy, Declarations, Waiver Of Premium Provision, Nonforfeiture Values, Insurance Policy, Policyowner, Cancellable Policy, Lapsed Policy, Policy Holder, Policy Exclusions, Living Benefits Rider, Family Policy, Renewable Term Life Insurance, Riders, Life Insured, Policy Lapse, Declaration, Guaranteed Insurability, Guaranteed Insurability Rider, Guaranteed Renewable Policy, Life Insurance Policy, Non-Cancellable, Cancelable, Paid-Up Insurance, Whole Of Life Insurance, Exclusion Rider, Convertible, Nonparticipating Policy, Renewability, Viatical, Burial Insurance, Conversion Policy, Policy Provisions, Convertibility, Straight Life Insurance, Life Settlement, Individual Life Insurance, Insurance Coverage, Provisions

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A provision in an individual life insurance, health insurance, or annuity policy that describes the conditions a policyowner must meet for the insurer to reinstate such a policy. See also reinstatement.

http://www.theberkshire.com/glossary/r.htm

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A provision that describes the conditions the policy owner must meet in order for the insurer to reinstate the policy if it has lapsed due to non-payment of premiums.

http://www.asmba.com/Product%20Overview/Glossary.cfm

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a provision that describes the conditions a policy owner must meet in order for an insurer to reinstate a policy within a specified time after lapse.

http://americanadministrators.com/glossary.htm

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Most life insurance policies will grant the policy owner the right for a limited period of time to reinstate a policy after it has lapsed. Evidence of insurability will generally be required, as well as back premiums and interest.

http://keypersoninsurance.com/glossary.php

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A life insurance policy provision that describes the conditions the policyowner must meet in order for the insurer to reinstate the policy if it has terminated because of nonpayment of renewal premiums.

http://accuquote.com/glossBrowse.cfm?Letter=r

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