What does Put Option mean? Read on to discover the definition & meaning of the term Put Option - to help you better understand the language used in insurance policies.
A put option is a contract that allows an investor to sell a particular security, or other investment at a particular price for a specific amount of time. In the context of insurance, put options exist for life insurance policies. Such put options allow life insurance policyholders the option to sell their policies for a specified price for a certain period of time.
We hope the you have a better understanding of the meaning of Put Option.