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Caribbean Alliance Insurance

Phone: (345) 949-9744
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Website: https://www.caribbeanalliance.com/

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Resource Center

Extended Term Insurance

A provision in most policies which provides the option of continuing the existing amount of insurance as Term Insurance for as long a period of time as the contract’s cash value will purchase. This is one of the non-forfeiture options available to the insured in case a premium is not paid within the grace period. See also Non-forfeiture Values.

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