GUARANTEED RENEWABLE POLICY INSURANCE


Meaning of GUARANTEED RENEWABLE POLICY INSURANCE in English

A type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.