A limit on the amount that the payments of an adjustable rate mortgage can increase or decrease during the mortgage term.
Related information about lifetime cap:
- Lifetime Cap Definition | Investopedia
The maximum interest rate on an adjustable-rate mortgage (ARM) that may be charged at any point over the life of the mortgage. The lifetime cap is usually ...
- Lifetime Limit - Glossary | HealthCare.gov
An insurance company may impose a total lifetime dollar limit on benefits (like a $1 million lifetime cap) or limits on specific benefits (like a $200,000 lifetime cap ...
- Lifetime & Annual Limits | HealthCare.gov
Sep 23, 2010 ... Know how the Affordable Care Act affects lifetime and annual limits on your health insurance to help you with health care costs. Learn more at ...
- Lifetime Caps On Health Insurance Coverage Are Gone.
Mar 22, 2012 ... Thanks to the Affordable Care Act, 105 million people no longer have a lifetime " cap" on the care they need to survive a serious illness such as ...
- How will removing lifetime caps on health coverage affect you ...
Mar 23, 2010 ... What is a lifetime cap? They are a feature of many insurance plans that limit liability for an insurance provider in cases where an individual ...
- What is lifetime cap? definition and meaning
Definition of lifetime cap: A limit on the amount that the payments of an adjustable rate mortgage can increase or decrease during the mortgage term.
- Is there an annual or lifetime cap on the health insurance?
Jul 17, 2012 ... When it's time to choose your health insurer, there are important questions you must ask yourself, and them, to be sure you're getting the best ...
- Health Insurance Definitions: What the Terms Mean - US News and ...
Aug 7, 2012 ... For example, an insurer might place a $1 million lifetime cap on all of your covered benefits. Or it might place limits on specific benefits, such as ...