Definitions for "Lapsed Policy"
Related Terms:
Lapse, Policy lapse, Paid-up insurance, Paid-up policy, Automatic premium loan, Guaranteed renewable policy, Apl , Renewable term life insurance, Surrender, Nonforfeiture values, Cancellable policy, Cancelable, Reduced paid-up insurance, Guaranteed insurability rider, Reinstatement provision, Cash surrender value, Reinstatement, Whole of life insurance, Pro rata cancellation, Renewal premium, Waiver of premium provision, Nonparticipating policy, Convertible term insurance, Single premium policy, Adjustable life insurance, Guaranteed renewable, Short rate cancellation, Automatic premium loan provision, Universal life insurance, Non-forfeiture options, Paid up policy, Life insurance in force, Guaranteed insurability, Whole life insurance, Initial premium, Life insurance, Term life insurance, Surrender value, Term insurance, Permanent insurance, Life settlement, Waiver of premium, Industrial insurance, Extended term insurance, Individual life insurance, Cancellation, Whole life, Policy holder, Face amount, Viatical settlement
A policy terminated for non-payment of premium(s).
A life or health insurance policy terminated as a result of non payment of a premium before the end of the grace period.
A policy whose coverage terminated.
This is a policy that is no longer in effect due to non-payment.
Due to non-payment of premiums, the policy terminates.
a problem for the charity - it either has to make the payments, thus using needed funds, or cancel the policy, which reduces the payout to the charity
a worthless policy
A policy which has terminated and is no longer in force due to non-payment of the premium due
A policy terminated at the end of the grace period because of nonpayment of premiums and no value to be loaned against to cover the due premium.
Termination of a policy upon the policyholder's failure to pay the premium within the time required.
Termination of a policy due to failure to pay a premium and lack of adequate cash value to keep the policy in force.
A policy that has terminated at renewal for non-payment of premium.
A policy which is terminated for non-payment of the premium.
One which has been allowed to expire because of nonpayment of premiums. (G)
A policy terminated because of non-payment of premiums. This phrase sometimes is limited to a termination occurring before the policy has a cash or other non-forfeiture value.
A policy terminated at the end of the grace period because of non-payment of premiums.
An insurance policy that is no longer effective due to the non-payment of premiums either by the due date or after the grace period has ended.
The termination or discontinuance of an insurance policy due to non-payment of a premium.
A Insurance policy which has been allowed to expire because of nonpayment of premiums. In a cash value life insurance policy such as Whole Life or Universal Life the policy could expire because the cash value account reached a zero balance and no premium payments are being made to replenish it.
An insurance policy terminated at the end of the grace period because of nonpayment of premiums. (See nonforfeiture values.)
A policy, which has discontinued due to the non-payment of premiums
An Insurance policy which has been allowed to expire because of nonpayment of premiums. In a cash value life insurance policy such as Whole Life or Universal Life the policy could expire because the cash surrender value reached were insufficient to cover cost of insurance payments are being made to replenish it.
A policy terminated by the insurance company because premiums were not paid.
The termination of an insurance policy resulting from non-payment of premiums within the specified premium grace period.
A policy terminated for non-payment of the associated premium.
An insured policy which has been terminated because you haven't paid the premium(s) on it
A policy canceled for nonpayment of premiums. Also refers to a policy canceled before it has cash or surrender value.
A policy terminated for non-payment of premiums.