Caribbean Insurance Practice (International) Ltd.
Phone: (345) 943-2475
Email:
Website: http://cipil.net/
Phone: (345) 943-2475
Email:
Website: http://cipil.net/
An Ordinary Life contract under which the premiums are modified so as to be lower than normal for the first three to five years, and higher than normal after that. A special case is a level Term policy, under which no part of the premium goes towards savings, that is automatically converted to a Whole Life policy at a designated time.