extended term insurance

extended term insurance
life insurance in which a policyholder ceases to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits.

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Universalium. 2010.

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  • extended term insurance — noun see extended insurance * * * life insurance in which a policyholder ceases to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits …   Useful english dictionary

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  • extended — A lengthening out of time previously fixed and not the arbitrary setting of a new date. Stretched, spread, or drawn out @ extended coverage clause Provision in insurance policy which carries protection for hazards beyond those covered (or… …   Black's law dictionary

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