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Home > QFINANCE Dictionary > Definition of paid-up policy

Definition of

paid-up policy

  • 1.

    policy providing life insurance after policyholder stops paying in the United Kingdom, an endowment insurance policy that continues to provide life insurance while the cost of the premiums is covered by the underlying fund after the policyholder has decided not to continue paying premiums. If the fund is sufficient to pay the premiums for the remainder of the term, the remaining funds will be paid to the policyholder at maturity.

  • 2.

    insurance policy with premiums paid in the United States, an insurance policy on which all the premiums have been paid

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Definitions of ’paid-up policy’ and meaning of ’paid-up policy’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’paid-up policy’ and other financial terms with our online QFINANCE Financial Dictionary.

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