limited payment insurance

limited payment insurance
noun
: life insurance for which premiums are collected over a limited period (as 20 years)

* * *

limited payment insurance,
life insurance for which the insured pays a higher premium for a fixed number of years, after which the policy is fully paid.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • limited payment plan — A policy upon a limited payment plan is a paid up policy, and insurance upon which no further premium is to be paid. Bankers Life & Loan Ass n v. Chase, Tex.Civ.App., 114 S.W.2d 374, 376 …   Black's law dictionary

  • limited payment plan — A policy upon a limited payment plan is a paid up policy, and insurance upon which no further premium is to be paid. Bankers Life & Loan Ass n v. Chase, Tex.Civ.App., 114 S.W.2d 374, 376 …   Black's law dictionary

  • limited-payment life insurance — /lim i tid pay meuhnt/ a form of life insurance for which premiums are paid for a designated number of years. * * * …   Universalium

  • limited-payment life insurance — /lim i tid pay meuhnt/ a form of life insurance for which premiums are paid for a designated number of years …   Useful english dictionary

  • limited payment policy — life insurance providing full life protection but requiring premiums for only part of the customer s lifetime. Bloomberg Financial Dictionary …   Financial and business terms

  • insurance — Synonyms and related words: accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, cover, credit insurance, credit life insurance,… …   Moby Thesaurus

  • insurance company — Synonyms and related words: accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, credit insurance, credit life insurance,… …   Moby Thesaurus

  • insurance policy — Synonyms and related words: accident insurance, actuary, annuity, arrangement, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, contract by deed, contract of record, contract… …   Moby Thesaurus

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

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