A rating system that is used to calculate premiums for all insureds with no distinctions as to age, sex or occupation.
A rating system that is used to calculate premiums for all insureds with no distinctions as to age, sex or occupation.
Payment of the proceeds of a Life Insurance policy, or its cash value in installments rather than in a lump sum. The term refers to any one of the options in a Life Insurance policy that has this result.


