A general term used to describe a plan of employee coverage in which the employee pays at least part of the premium.
A general term used to describe a plan of employee coverage in which the employee pays at least part of the premium.
A combination of Term and Whole Life Insurance that pays some multiple of the face during the period of the Term policy, becoming a regular Whole Life policy after the Term policy expires. The multiple protection period is thus the period during which both the Term and the Whole Life coverages are in effect.