Definition and meaning of Extended Term Insurance :

Extended Term Insurance: A form of insurance available as a nonforfeiture option. It provides the original amount of insurance for a limited period of time.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Extended Term Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - E

Definition and meaning of deposit term insurance :

deposit term insurance: A form of term insurance, not really involving a "deposit," in which the first-year premium is larger than subsequent premiums. Typically, a partial endowment is paid at the end of the term period. In many cases the partial endowment can be applied toward the purchase of a new term policy or, perhaps, a whole life policy.

(Source: Bank of America )

Also see these pages: deposit term insurance , Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of Term life insurance :

A life insurance policy that pays the sum insured only if the life assured dies within the period of the policy which is for a fixed period.

(Source Lloyd's )

Also see these pages: Term life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - T

Definition and meaning of Convertible Term Insurance :

Convertible Term Insurance: Term insurance which can be exchanged, at the option of the policyholder and without evidence of insurability, for another plan of insurance. Credit life insurance. Term life insurance issued through a lender or lending agency to cover payment of a loan, installment purchase, or other obligation, in case of death.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Convertible Term Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - C

Definition and meaning of DECREASING TERM LIFE INSURANCE :

DECREASING TERM LIFE INSURANCE*: Term life insurance that provides a death benefit that decreases in amount over the policy term. Contrast with increasing term life insurance.

(Source: Insurance Information Institute )

Also see these pages: DECREASING TERM LIFE INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of INCREASING TERM LIFE INSURANCE :

INCREASING TERM LIFE INSURANCE*: A type of term life insurance that provides a death benefit that increases by some specified amount or percentage at stated intervals over the policy term. Contrast with decreasing term life insurance.

(Source: Insurance Information Institute )

Also see these pages: INCREASING TERM LIFE INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - I

Definition and meaning of Deposit Term Insurance :

Deposit Term Insurance: A form of term insurance, not really involving a "deposit," in which the first-year premium is larger than subsequent premiums. Typically, a partial endowment is paid at the end of the term period. In many cases the partial endowment can be applied toward the purchase of a new term policy, or, perhaps, a whole life policy.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Deposit Term Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - D

Definition and meaning of CONVERTIBLE TERM INSURANCE POLICY :

CONVERTIBLE TERM INSURANCE POLICY*: A term life insurance policy that gives the policy owner the right to convert the policy to a permanent plan of insurance.

(Source: Insurance Information Institute )

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Definition and meaning of RENEWABLE TERM INSURANCE POLICY :

RENEWABLE TERM INSURANCE POLICY*: A term life insurance policy that gives the policy owner the option to continue the coverage at the end of the specified term without presenting evidence of insurability, although typically at a higher premium based on the insuredÕs attained age.

(Source: Insurance Information Institute )

Also see these pages: RENEWABLE TERM INSURANCE POLICY , Insurance, Insurance Sitemap, Insurance Dictionary - R

Definition and meaning of Quasi-Insurance Institutions :

Quasi-Insurance Institutions: A term sometimes applied to government institutions created to carry out social insurance arrangements that have some, but not all, the characteristics of insurers. An example is the United States Department of Health, Education, and Welfare.

(Source: InsWeb)

Also see these pages: Quasi-Insurance Institutions , Insurance, Insurance Sitemap, Insurance Dictionary - Q

Definition and meaning of Quasi-Insurance Institutions :

Quasi-Insurance Institutions: A term sometimes applied to government institutions created to carry out social insurance arrangements that have some, but not all, the characteristics of insurers. An example is the United States Department of Health, Education, and Welfare.

(Source: InsWeb)

Also see these pages: Quasi-Insurance Institutions , Insurance, Insurance Sitemap, Insurance Dictionary - Q

Definition and meaning of Mixed Insurer, Company :

Mixed Insurer (or Company): An insurance company in which the ownership is split among stockholders and policy owners. The term can also be used to indicate an insurer issuing both Life and Health Insurance policies. It is often erroneously used to describe an insurer offering both participating (dividend paying) and nonparticipating plans.

(Source: InsWeb)

Also see these pages: Mixed Insurer, Company , Insurance, Insurance Sitemap, Insurance Dictionary - M

Definition and meaning of Mixed Insurer, Company :

Mixed Insurer (or Company): An insurance company in which the ownership is split among stockholders and policy owners. The term can also be used to indicate an insurer issuing both Life and Health Insurance policies. It is often erroneously used to describe an insurer offering both participating (dividend paying) and nonparticipating plans.

(Source: InsWeb)

Also see these pages: Mixed Insurer, Company , Insurance, Insurance Sitemap, Insurance Dictionary - M

Definition and meaning of All-Risks Insurance :

All-Risks Insurance: The term "All-Risks Insurance" is used to mean insurance against loss of or damage to property arising from any fortuitous cause except those that are specifically excluded. An insurance contract which provides All-Risks Insurance is an All-Risks policy. Contrast with Named Perils. +++++

(Source: InsWeb)

Also see these pages: All-Risks Insurance , Insurance, Insurance Sitemap, Insurance Dictionary - A

Definition and meaning of Group Term Life Insurance :

Group Term Life Insurance: Most common form of group life insurance. Yearly renewable term insurance on employees during their working careers.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Group Term Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - G

Definition and meaning of EXTENDED TERM INSURANCE OPTION :

EXTENDED TERM INSURANCE OPTION*: One of several nonforfeiture options included in life insurance policies that allows the owner of a policy with a cash value to discontinue premium payments and to use the policyÕs net cash value to purchase term insurance for the full coverage amount provided under the original policy for as long a term as the net cash value can provide. (See Nonforfeiture options)

(Source: Insurance Information Institute )

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Definition and meaning of Short-Term Policy :

Short-Term Policy: A policy written for a period of less time than is normal for that type of policy.

(Source: InsWeb)

Also see these pages: Short-Term Policy , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Short-Term Policy :

Short-Term Policy: A policy written for a period of less time than is normal for that type of policy.

(Source: InsWeb)

Also see these pages: Short-Term Policy , Insurance, Insurance Sitemap, Insurance Dictionary - S

Definition and meaning of Policy Period, Term :

Policy Period (or Term): The period during which the policy contract affords protection, e.g., six months or one or three years.

(Source: InsWeb)

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Definition and meaning of Policy Period, Term :

Policy Period (or Term): The period during which the policy contract affords protection, e.g., six months or one or three years.

(Source: InsWeb)

Also see these pages: Policy Period, Term , Insurance, Insurance Sitemap, Insurance Dictionary - P

Definition and meaning of policy term :

policy term: The period for which an insurance policy provides coverage.

(Source: Bank of America )

Also see these pages: policy term , Insurance, Insurance Sitemap, Insurance Dictionary - P