Insurance

Extended Term Insurance

Term insurance is a type of policy that offers an option to continue the insurance for a specific amount even after the policy has ended. This option is known as term insurance and is included in certain policies. It allows the insured to continue their coverage for a predetermined amount according to the policy's conditions. This is a valuable option to consider when choosing a policy and can provide additional security and peace of mind for the insured individual.

Related terms

Straight term

Understand the meaning and definition of Straight term in the context of stock market, trading, and investments.

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Misstatement-of-sex clause

Understand the meaning and definition of Misstatement-of-sex clause in the context of stock market, trading, and investments.

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Actuary

Understand the meaning and definition of Actuary in the context of stock market, trading, and investments.

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Revocable beneficiary

Understand the meaning and definition of Revocable beneficiary in the context of stock market, trading, and investments.

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Single-premium annuity

Understand the meaning and definition of Single-premium annuity in the context of stock market, trading, and investments.

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Multiple peril policy

Understand the meaning and definition of Multiple peril policy in the context of stock market, trading, and investments.

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