InsuranceTarget Pension Surrender Charge Pooling Primary company Total disability Whole Life Insurance
Paidup Value
In the realm of insurance, the term "paid-up value" refers to the decreased sum assured that an insurer will provide if the policyholder stops making premium payments after the initial three-year period. In other words, this value represents the reduced coverage amount that the insurer will pay out in the event of premature termination of premium payments. It is an important concept to understand in the world of finance and insurance, as it directly impacts the benefits and coverage that a policyholder can expect.
Related terms
Understand the meaning and definition of Target Pension in the context of stock market, trading, and investments.
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MOREUnderstand the meaning and definition of Pooling in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Primary company in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Total disability in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Whole Life Insurance in the context of stock market, trading, and investments.
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