Combination Policy (plan)

Definition of "Combination policy (plan)"

Melissa  Thompson real estate agent
Melissa Thompson, Real Estate Agent Keller Williams Realty Cityside

  1. a contract in life insurance that includes elements of whole life and term insurance.
  2. in pensions, a combined life insurance policy and a side (auxiliary) fund to enhance the amount of a future pension.
  3. in automobile insurance, different coverages using policies of two more insurance companies (rare).

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