TERMIUM Plus®

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

PROLONGATION ASSURANCE [1 record]

Record 1 2016-03-07

English

Subject field(s)
  • Life Insurance
  • Insurance
DEF

an option given to the holder of a life insurance policy entitling him to use the cash surrender value to prepay premiums and remain insured in the original amount for a specified time without further payment of premiums.

French

Domaine(s)
  • Assurance sur la vie
  • Assurances
DEF

assurance temporaire prolongeant l'assurance garantie par une police dont le souscripteur a cessé de payer les primes.

Spanish

Campo(s) temático(s)
  • Seguro de vida
  • Seguros
DEF

Seguro renovado por otro período de cobertura. En el seguro de vida, es la transformación por reducción de la póliza en la que, si bien se reduce o incluso anula el capital asegurado para caso de vida, continúa en cambio en vigor el capital para caso de muerte durante un cierto tiempo.

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