A non-forfeiture option provided by life insurance companies to whole life insurance policy holders. Allows for the use of cash balances held in whole life insurance policy to pay for term life insurance. Whole life insurance policy holders unable to make premium payments do not lose cash balances and continue to have coverage through term life insurance.
Related information about extended term insurance:
- Extended Term Insurance: Definition from Answers.com
Extended Term Insurance Nonforfeiture option that uses the cash value of an ordinary life policy as a single premium to purchase term life insurance in.
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Whole life insurance polices often have a non forfeiture options associated with them, extended term insurance is the most popular of those options.ForfeitureAt ...
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Definition of extended term insurance: A non-forfeiture option provided by life insurance companies to whole life insurance policy holders. Allows for the use of ...
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Definition of extended term insurance: A clause under many policies that gives the option of continuing the existing insurance for a period based on the ...
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extended term insurance - A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to the existing amount of life ...
- 1958 CET AGE LAST BIRTHDAY EXTENDED TERM INSURANCE ...
1958 CET AGE LAST BIRTHDAY. EXTENDED TERM INSURANCE TABLES. HARRY M. SARASON. T m~ terra of extended insurance may be calculated readily ...
- Glossary of Life Insurance Terms - Extended term insurance on Vimeo
Glossary of Life Insurance Terms - Extended term insurance Extended term insurance. A form of paid-up life insurance available as a non-forfeiture option.
- 38 CFR 8.14 - Provision for extended term insurance—other than 5 ...
38 CFR 8.14 - Provision for extended term insurance—other than 5-year level premium term or limited convertible 5-year level premium term policies. - Code of ...