What Does Additional Deposit Privilege Mean?

Free Business Insurance Quote Click Here
What does Additional Deposit Privilege mean? Read on to discover the definition & meaning of the term Additional Deposit Privilege - to help you better understand the language used in insurance policies.

Additional Deposit Privilege

Additional Deposit Privilege

An additional deposit privilege is a clause in a life insurance policy that allows the policyholder to make unscheduled payments in return for more benefits. This payment scheme is possible before the maturity or the expiration of the insurance policy.

We hope the you have a better understanding of the meaning of Additional Deposit Privilege.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here