| 单词 | make-a-policy-paid-up |
| 释义 | make a policy paid up in Insurance (meɪk ə pɒlɪsi peɪd ʌp) Word forms: (present) makes a policy paid up, (past) made a policy paid up, (perfect) made a policy paid up, (progressive) making a policy paid up phrase (Insurance: Life insurance) policyIf you make a policy paid up, you stop making premium payments into a life policy but still leave the coverage in place. If you stop paying premiums after 3 years, you have the option to make the policy paid up, provided the policy has accumulated sufficient policy value. If endowment policyholders make their policy paid up, the life cover will still continue and pay out if one of them passed away, but theinsurer will reduce the amount of the guaranteed sum for which they are insured. If you make a policy paid up, you stop making premium payments into a life policy but still leave the coveragein place. Definition of 'make a policy paid up' |
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