What does Jumping Juvenile Policy mean? Read on to discover the definition & meaning of the term Jumping Juvenile Policy - to help you better understand the language used in insurance policies.
Jumping Juvenile Policy
A jumping juvenile policy is life insurance meant for a child and is usually bought by a parent. This policy increases in value when the child reaches 21 years of age but the premium stays the same. If this insurance is continued at that age, the insurer will not demand any additional requirements as condition for the insurance, such as a medical examination.
We hope the you have a better understanding of the meaning of Jumping Juvenile Policy.