Policy Duration

The length of time during which an insurance policy remains in force. Health insurance, for example, may have a policy duration of several months or several years. Many other policies last only one year before renewal. Whole life insurance remains in effect for the remainder of one's life.

References in periodicals archive ?

Lincoln is now also offering a 10-year policy duration for TermAccel in addition to the previously available 15, 20 and 30-year options.

Lincoln Financial Group expands Lincoln TermAccel(r) Level Term insurance

In a section on short-term medical insurance, Trump talks mainly about short-term medical insurance policy duration rules.

3 Trump Health Benefits Executive Order Facts, for Agents

Death-benefit-focused products have more "levelized" costs, i.e., a shallower expense curve, with higher charges in early years and lower charges in later years, whereas the opposite is true for those focused on accumulation, which have a deeper curve with lower costs early in the policy duration and higher costs at the later stages.

Cash value accumulation test or guideline premium test: a comparison

your policy duration of any activities take part in.

Cut the Costa your holiday; Do your homework and you'll be quids in, says Tricia Phillips

your policy duration of and any activities take part in.

Cut the Costa your holiday; Do your homework and you'll be quids in says Tricia Phillips

* How will underwriting selection factors be developed (age, gender, policy duration, band, class, marital status, etc.)?

A new response: hybrid life insurance/long-term care product sales are rising, but the industry must pay attention to pricing and risk mitigation techniques

Whatever the buyer selects for the "assumed policy duration" along with the assumed future crediting rate is then captured in the "as sold" illustration at the time of purchase.

The universal life crisis: a potential fix for an underperforming policy

The investment funds can be switched during the policy duration to alter the strategy.

Saving for Education

But some members argued that the extension "could be misinterpreted by market participants as a revision to the monetary policy framework or a measure conveying a message regarding a change in the policy duration, rather than just an expansion of market operation measures," according to the minutes.

BOJ policymakers agree flexible operations curb bond volatility

* The average policy duration has declined slightly over the past five years.

Who buys LTCI?

BoJ's policies have set a precedent in unconventional monetary policy duration as they are now in their 12th year.

Outlook for gold -- World Gold Council

Even though interest rates have increased in recent months, the fund is susceptible to limited price risk as by policy duration of the fund may not exceed 90 days.