What is POLICY PAID-UP?

the name given to a life insurance policy where no more premiums need to be paid. See insurance, life.

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Related Legal Terms
PAID-UP POLICY, FULLY PAID POLICY, FRONT LOADED POLICY, MINIMUM DEPOSIT POLICY, PAID BUSINESS, NONCANCELLABLE POLICY, POLICY SUMMARY, LIFE PAID UP AT AGE, REDUCED PAID-UP INSURANCE, MODIFIED LIFE POLICY


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