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Insurance

Family Policy

A family life insurance policy is a comprehensive contract that offers coverage for multiple members of a household. Typically, the main breadwinner holds a whole life insurance policy, while the spouse and children are covered under smaller term insurance plans. New additions to the family can also be included in the policy after its issuance.

Related terms

Gross premium

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

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Lapse

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

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Express warranty

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

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Per-service deductible

Understand the meaning and definition of Per-service deductible in the context of stock market, trading, and investments.

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Commission

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

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Conditionally renewable

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

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