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

Life And Health, Business Exposures

Loss of a key person due to death, disability, sickness, resignation, incarceration, or retirement. ...

Amortization Schedule

Method of paying a sum due whose value has been discounted, according to a predetermined schedule. E ...

Intermediate Policy

Insurance policy that combines the characteristics of a debit insurance policy with that of an ordin ...

Assessable Mutual

Assessment mutual company that operates on a statewide basis or in more than one state. Assessable o ...

Health Insurance Futures

One-year futures contract (standardized agreement between two parties to buy or sell a commodity or ...

Death Planning

Estimate of the funds necessary to maintain the life-style of a family after the death of the wage e ...

Related Real Estate FAQ

What Is A Title?

A title is the right of property ownership. ...

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

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

When to buy a house Tax Breaks for the First Time Home Buyer How to become a real estate agent What is Escrow and how does it Work? Home Prices - The Extra Costs

FAQ

What is underwriting? What does Fannie Mae mean? What is a conventional mortgage? What is cooperative? What is accession?