What does Ordinary Life mean? Read on to discover the definition & meaning of the term Ordinary Life - to help you better understand the language used in insurance policies.
A type of whole life insurance contract arranged so that the premiums are payable as long as the insured lives. The contract is not paid up and does not mature until the named insured reaches age 100 or dies, whichever event comes first.
We hope the you have a better understanding of the meaning of Ordinary Life.