extended insurance

noun
variants: or extended term insurance

Definition of extended insurance

: life insurance that after cessation of premium payments is continued in its original amount for the period allowed by the cash value

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Cite this Entry

“Extended insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/extended%20insurance. Accessed 16 Jan. 2021.

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