Jumping Juvenile Policy Juvenile Estate Builder


Definition of "Jumping juvenile policy (juvenile estate builder)"

James Whalen
  Anchor Realty

Life insurance coverage on a child in which the initial face amount of the life insurance policy increases when the child reaches the age of majority, with no corresponding increase in premium.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Family Coverage

Insurance coverage for the named insured and his or her eligible dependents. ...

Life Insurance Pour-over Trust

Assets from a will transfer into an established life insurance trust. Through this mechanism, assets ...

Material Fact

Same as term Material Misrepresentation: falsification of a material fact in such a manner that, had ...

Validation Period

Length of time required to amortize the excess expenses of acquiring a given group of life insurance ...

Direct Writing Agent

Same as term Captive Agent: representative of a single insurer or fleet of insurers who is obliged t ...

Internet Mortgages

Mortgages delivered using the Internet as a major part of the communication process between the borr ...

Related Real Estate FAQ

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

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

Tax Breaks for the First Time Home Buyer What is Earnest Money Foreclosure - The Pros and Cons of Buying What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 7 Tips for a First Time Homebuyer

FAQ

What is a quit claim deed? What is the difference between being prequalified and preapproved for a loan? What is a buydown? What is the difference between a real estate broker and a real estate agent? What are jumbo mortgages?