Definition of "Triple protection"

Mary  Evans & Chelsea Roberts real estate agent

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Mary Evans & Chelsea Robertselite badge icon

Coldwell Banker D'ann Harper Realtors
Legacy Team

Combination life insurance policy consisting of ordinary life and double the amount of term life. Should the insured die within a stipulated time period, the double term amount and ordinary life amount are paid to the beneficiary. If the insured dies beyond the stipulated time period, only the ordinary amount is paid to the beneficiary. This policy may be applicable in situations where the family is young and extra amounts of protection are required until the children reach the age of majority.

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