Definitions for "Increasing Term Insurance"
Keywords:  death, policy, benefit, coverage, rider
The face value of the Life Insurance policy increases over time.
A type of term insurance in which the death benefit of the policy increases during the term of coverage. The death benefit may increase at stated intervals by some specified amount or percentage, or it may increase according to increases in the cost of living. | Back
Term life insurance in which the death benefit increases periodically over the policy's term. Usually purchased as a cost of living rider to a whole life policy.
Keywords:  inflation, rates
Inflation rates