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.

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词条贡献者

双语律师Matthew，国际知名法学院法律专业，擅长翻译各类与商业秘密起诉与调查相关的法律文件。