Definitions
Term Definition
Package Policy
A single insurance policy that combines several coverages...See Full Definition
Paid-Up
A policy on which all premium payments have...See Full Definition
Paid-Up Additional Insurance Option
An option, available to the owners of participating...See Full Definition
Paid-Up Additions
Additional insurance purchased with policy dividends....See Full Definition
Paid-Up Policy
An insurance policy that requires no further premium...See Full Definition
Participating Par Policy
A policy that has the possibility of paying...See Full Definition
Participating Policy
A type of insurance policy that allows policy...See Full Definition
Passive Alarm
Alarm in which your action is not necessary...See Full Definition
Passive Restraint Credit
Most insurance companies will give you credit if...See Full Definition
Pay-at-the-Pump Tax
A system proposed in the 1990s in which...See Full Definition
Pension
A program to provide employees with retirement income...See Full Definition
Pension Benefit Guaranty Corporation
An independent federal government agency that administers the...See Full Definition
Per Capita Beneficiary Designation
A type of life insurance policy beneficiary designation...See Full Definition
Per Stirpes Beneficiary Designation
A type of life insurance policy beneficiary designation...See Full Definition
Peril
The cause of a possible accident, loss, or...See Full Definition
