Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,130,969 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Term Life Insurance
(redirected from Group Term Life)

    Also found in: Acronyms, Wikipedia 0.01 sec.
Term life insurance
A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.
Term Life Insurance
A life insurance policy that provides coverage only for a certain period of time. A term life insurance policy provides a benefit upon the death of the policyholder, but ceases to provide this benefit if he/she is still alive when the policy expires. Upon expiration, the policyholder may decide to renew the policy or let it lapse. If the policy lapses, the policyholder is not reimbursed for the premiums paid over the life of the policy. A term life insurance policy does not include some of the other benefits of a whole life policy, such as a savings component.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
As the economy forces employers to lay off employees, underwriters are expecting to see more claims under the portability feature on their group term life policies.
New options arise from competition: group life insurance writers are ... by Muncil, Carol / Best's Review
An unknown genius selling group term life insurance went to the underwriters and actuaries with a request along the lines of "what if some of the people we insure in a group want to purchase more life insurance through the convenience of their group plan?
Time for voluntary term life by Traynor, Marty / Benefits Selling
These products do not include general liability to protect your business from injury claims, property damages and advertising claims Life Plans Group Term Life MTNA members and spouses are eligible for coverage up to age 65.
New insurance options offered to members by American Music Teacher
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.