An option to use Life Insurance policy dividends to mature a policy as an endowment before the regular maturity date.
An option to use Life Insurance policy dividends to mature a policy as an endowment before the regular maturity date.
One of the major classes of insurance. It is generally sold in amounts of less than $1,000 by agents who service insureds on debits. The premiums are collected weekly or monthly at the address of the insured. See also Debit.