Supplemental Term Life Insurance


Definition of "Supplemental term life insurance"

Greg Landy
  Coldwell Banker Residential Real Estate

Extra life insurance benefit found in the family income policy, family income rider, family MAINTENANCE POLICY, and FAMILY POLICY payable to the BENEFICIARY should the insured die within a stipulated time period.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Material Fact

Significant information that if disclosed would affect an individual's decision. For example, a buye ...

Open Policy

Coverage normally used on an indefinite basis under OCEAN MARINE INSURANCE and INLAND MARINE INSURAN ...

Quick Assets

Liquid property that can be converted easily to cash. For example, a policyowner can borrow readily ...

PITI

Principal, interest, taxes, and insurance. These are the components of the monthly housing expense. ...

Special Agent

Person retained to perform on behalf of another individual with restricted responsibility and power. ...

Strikes, Riots, And Civil Commotion Clause

Exemption in ocean marine policy for losses caused by strikes, riots, and civil commotion. ...

Related Real Estate FAQ

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

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 become a real estate agent Should you Buy a Home with Cash? What is the Best Time of Year to Buy a Home? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 7 Tips for a First Time Homebuyer

FAQ

What is an APR and what does it include? What is a principal? What are jumbo mortgages? Why should I use a real estate agent? What is a point?