extended term insurance

Insurance that remains in effect after a default in paying premiums, as long as the policy has cash value to pay premiums.

• Many life-insurance policies provide this feature to protect against forfeiture of the policy if the insured falls behind in premium payments.

---

词条贡献者

法律翻译郭敏，毕业于欧洲顶尖的高级翻译学院，擅长翻译涉及互动娱乐领域的法律文件。