What is POLICY PAID-UP?

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

More On This Topic
  1. Can You Borrow Against a Term Life Insurance Policy?
  2. Is Life Insurance Money Taxable?
  3. Can I Cash Out My Life Insurance Policy? What Is the Available Partial Surrender Amount?
  4. What Do You Call a Life Insurance Policy That Pays Out Regardless of Whether the Policyholder Lives or Dies?
  5. Are Life Insurance Benefits Taxable?
  6. How Do Life Insurance Cost Indexes Work?
  7. Six Bad Faith Tactics Used by Insurers
  8. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?
  9. Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes?
  10. How Long Can I Stay on My Parents’ Insurance?

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


Link to This Definition
Did you find this definition of POLICY PAID-UP helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary