reduced paid-up insurance
[ peyd-uhp ]
/ ˈpeɪdˌʌp /
noun
life insurance in which a nonforfeiture value is used to purchase a reduced amount of fully paid-up insurance of the same kind as the surrendered policy.
Words nearby reduced paid-up insurance
reduced glutathione,
reduced hematin,
reduced hemoglobin,
reduced level,
reduced mass,
reduced paid-up insurance,
reducer,
reducible,
reducible hernia,
reducing agent,
reducing glass