Metaglossary.com - Definitions for "{term}"

Keywords: lump, premium, sum, inception, policy

With life insurance and annuities, a contract in which the entire premium is paid in a lump sum at the beginning of the contract period. No additional premiums are required.

newyorklife.com

This is a life insurance policy that has only one payment of the lump sum

lifetimes.co.uk

One in which the total premium is made in a lump sum; a one-time payment. p 98

insuranceducators.com

This is a long term life insurance policy were the premium is paid in a lump sum usually at the inception date of the contract

insurance-answers.info

A whole life policy for people who want to buy a policy for a one-time lump sum, and then be covered for the rest of their lives without paying any additional premiums.

gersten.com

A Life Insurance policy paid for in advance by one single premium rather than in periodic premiums.

apt-finance.com

A Life Insurance policy paid for in one single premium in advance rather than in annual premiums over a period of time.

jmwsons.com

A long-term insurance policy where the premium is paid in a single lump sum.

msol.co.uk

Where a single lump sum is paid for an insurance policy.

trustnet.com

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