Premium Refund

Definition of "Premium refund"

Yadira Bello
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

Related Real Estate FAQ