Indivisible Contract


Definition of "Indivisible contract"

Stacey Perryman
Stacey Perryman Coldwell Banker Residential Real Estate

Inability to divide a cash value life insurance policy into a savings element and a protection element because, in theory, if the policyowner withdraws a portion or ail of the cash value, there is a reduction in the death benefit.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Participant

Person covered under an employee benefit insurance plan. ...

Lightning

Discharge of electricity from the atmosphere, one of the perils covered in most fire insurance policies. ...

Interest Adjusted Cost

Procedure for calculating the cost of life insurance, taking into account the time value of money (investment return on sums placed in premium dollars ...

Purchase Payment

Premium payment. ...

Reformed

Correction of a contract containing a mistake in order to prevent a party to that contract from gaining from that mistake. For example, if $1,000,000, ...

Bilateral Contract

Contract under which there is an exchange of a promise for a promise. An insurance policy is deemed to be a unilateral contract ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Find Your Real Estate Agent Niche: Vacation Homes Is a Home Equity Loan Right For Me? Why Use a Real Estate Agent? Should you Buy a Home with Cash? 7 Things to Consider Before Moving to a New City

FAQ

What does preapproved mean? What do I need to know about Universal Life Insurance? What is a proprietary lease? How Much Income Do I Need ? Is depreciation common?