- life policy
- A written contract of life insurance. See life insurance.
Ballentine's law dictionary. Anderson, W.S.. 1998.
life policy
Look at other dictionaries:
whole life policy — whole of life policy A life assurance policy that pays a specified amount on the death of the life assured. Benefits are not made for any other reason and the cover continues until the death of the life assured, provided the premiums continue to… … Big dictionary of business and management
Group Universal Life Policy - GULP — Universal life insurance that is offered to on a group basis, allowing for a less expensive policy than what is typically offered to an individual. A group universal life policy is most commonly purchased by businesses looking to provide life… … Investment dictionary
Traditional Whole Life Policy — A type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never … Investment dictionary
The Center for Work-Life Policy — (CWLP) is a New York City based think tank that undertakes research and works with employers to design, promote, and implement workplace policies that increase productivity and enhance personal/family well being and general work life balance. The … Wikipedia
modified life policy — noun : a life insurance policy providing for low premiums during an initial period of three or five years … Useful english dictionary
Group Universal Life Policy — ( GULP) universal life insurance on a group basis. Bloomberg Financial Dictionary See: group insurance. Bloomberg Financial Dictionary … Financial and business terms
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… … Black's law dictionary
Life insurance tax shelter — A life insurance tax shelter uses investments in life insurance to protect income or assets from tax liabilities. Life insurance proceeds are not taxable in many jurisdictions. Since most other forms of income are taxable (such as capital gains,… … Wikipedia
life — That state of animals, humans, and plants or of an organized being, in which its natural functions and motions are performed, or in which its organs are capable of performing their functions. The interval between birth and death. The sum of the… … Black's law dictionary
