A life insurance policy that provides full protection to the insured, and which has payments that occur less frequently than a standard payment policy. For example, premiums may be required one every few years instead of once per year.
Related information about limited payment policy:
- What is limited payment policy? definition and meaning
Definition of limited payment policy: A life insurance policy that provides full protection to the insured, and which has payments that occur less frequently than a ...
- Limited Payment Life Insurance Policy Explained
Limited payment life insurance. You pay a premium for a predetermined number of years and you have your policy for the rest of your life.
- Limited Payment Policy - Financial Dictionary - The Free Dictionary
Life insurance providing full life protection but requiring premiums for only part of the customer's lifetime. Limited Payment Policy. A life insurance policy where ...
- answers to concept checks, financial - Collin College Faculty Web ...
Limited payment policy; variable life policy; adjustable life policy, and universal life. 5. Define the following types of life insurance policies. a. Group life insurance ...
- LIC Endowment Assurance - Limited Payment - Policy Review, Key ...
Detailed Review & Our Recommendation of LIC Endowment Assurance Policy - Limited Payment. Compare Key Features & Benefits of this plan and get the best ...
- Some Whole Life Policies - Financial Web
Because the limited payment policy is fully paid sooner than a straight life ... This means that the loan value for a limited payment policy would be more than that ...
- What is Whole Life Insurance?
Single Premium. A type of limited payment policy that requires only one payment and yields instant cash value. Modified. For an initial specified period of time ...
- Life Insurance After 50
A limited-payment policy -- you pay higher premiums for fewer years -- is an option that is becoming popular among preretirees who want to time the end of their ...