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

译者Jane，毕业于国内一流的高级翻译学院，擅长翻译各种与人工智能相关的法律文件。