No Lapse Guarantee

Definition of "No lapse guarantee"

Linda Clifton real estate agent
Linda Clifton, Real Estate Agent Berkshire Hathaway HomeServices

Agreement by the insurance company to keep the universal life insurance policy in force, even if the cash value becomes zero or less than zero, provided that a specified minimum continuation premium is made at the required time.

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

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions