Premium Refund


Definition of "Premium refund"

Yadira Bello
  Deconova International Realty

In some life insurance policies, provision that permits the beneficiary, upon the death of the insured, to receive not only the death benefit payable under the policy but also all premiums paid into the policy.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Pension Trust

Provision that funds a tax-qualified plan. Trust funds are the oldest, and still the most common, me ...

Actuarial

Same as term: Actuarial Science: branch of knowledge dealing with the mathematics of insurance, incl ...

Equitable Owner

The person identified to receive the benefit of property held in trust. ...

Offer And Acceptance

Two requirements of a contract forming mutual consent. These factors combined with valuable consider ...

Labor And Material Bond

Coverage to indemnify an owner for whom work was done if the completed work is not free of worker's ...

Pyramiding

Situation in which several liability insurance policies are in force to cover the same risk, thereby ...

Related Real Estate FAQ

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

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 ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

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

How To Sell Your Home What is the Best Time of Year to Buy a Home? 3 tips to ensure your sale goes through What is Hazard Insurance? How to become a real estate agent

FAQ

What does computer insurance cover that my warranty doesn't? What is Disability Insurance? What is a mortgage insurance premium (MIP)? What is a point? What is a CD?