Limited Payment Life Insurance


Definition of "Limited payment life insurance"

Type of policy with premiums that are fully paid up within a stated period. For example, a 20-payment life insurance policy has 20 annual premium payments, with no further premiums to be paid.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Return On Equity (roe)

Net income expressed as a percentage of average total equity. This percentage measures profitability ...

Veterans Group Life Insurance (vgli)

Five-year nonrenewable term life insurance policy for veterans who were covered by servicemens group ...

Equities

Representation of ownership rights such as stocks. ...

Currently Insured

Under social security, workers who have at least six quarters of earnings of adequate amount to qual ...

Experience Rating

Statistical procedure used to calculate a premium rate based on the loss experience of an insured gr ...

Revenue Ruling 59-60

Ruling that is the most significant source for the valuation of closely held corporation capital sto ...

Related Real Estate FAQ

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

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

Foreclosure - The Pros and Cons of Buying 5 signs of house foundation problems Mortgage Loan Types What is Hazard Insurance? Why Use a Real Estate Agent?

FAQ

What is a private Mortgage? What is a contingency? What is a Ginnie Mae? What are paid advertorials? What does computer insurance cover that my warranty doesn't?