TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

reduced paid-up insurance [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2000-07-12

English

Subject field(s)
  • Life Insurance
DEF

One of the nonforfeiture benefits, under which the cash value of the policy is used as a single premium to purchase paid-up insurance of the same kind as the policy itself ... in such an amount as the cash value will provide. It provides for continuation of the original insurance plan, but for a reduced amount.

French

Domaine(s)
  • Assurance sur la vie

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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