Reduced paid-up insurance

A form of Insurance available as a non-forfeiture Option, providing for continuation of the original Insurance plan at a reduced amount.

Related Terms: 3 Forfeiture, Insurance, Option

Other Related Pages: Category: Insurance Starting With: R

Additional Related Terms: 401(k) plan, 403(b) plan, 457 plan, Allowance for depreciation, Available assets, Accrual of discount, Amortization of premium, At par, All or any part, At best