Extended Term Insurance

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Definition: Extended Term Insurance

Extended Term Insurance
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Full Definition of Extended Term Insurance

A non-forfeiture option provided by life insurance companies to whole life insurance policy holders. Allows for the use of cash balances held in whole life insurance policy to pay for term life insurance. Whole life insurance policy holders unable to make premium payments do not lose cash balances and continue to have coverage through term life insurance.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/extended-term-insurance/
Modern Language Association (MLA):
Extended Term Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/extended-term-insurance/.
Chicago Manual of Style (CMS):
Extended Term Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/extended-term-insurance/ (accessed: April 16, 2024).
American Psychological Association (APA):
Extended Term Insurance. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/extended-term-insurance/

Definition Sources

Definitions for Extended Term Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.