Policy limit

Maximum lifetime Benefit of a given Insurance policy; often $1 million, although some policies have no limit.

Related Terms: 5 Benefit, Insurance, Insurance policy, Mill, Policy

Other Related Pages: Category: Insurance Starting With: P

Additional Related Terms: 12b-1 funds, Accrual of discount, Amortization of premium, Accommodative monetary policy, Accidental death benefit, Adjustable life insurance, Add-on service, Abstract of title, Attorney in fact, Assignment of mortgage