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.
This will remain as it is, with no need to pay additional premiums.
life insurance policy under which all premiums have already been paid with no further premiums due
Insurance that will remain in force with no need to pay additional premiums.
(1) Insurance on which all required premiums have been paid. (2)The reduced paid-up insurance available as a nonforfeiture option.
Insurance which does not require future premiums to provide the death benefit for the life of the insured person.
Life insurance on which all the required premiums have been paid.
A life insurance policy where the coverage is still effective but all required premiums have been paid.
The insurance on which all required premiums have been paid.
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.
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.
A policy for which all premiums have been paid, with no further payments due.
A life insurance policy where all premiums have already been paid, with no further premium payment due.
Insurance on which it is guaranteed that no further premium need be paid.
