Insurance

Graded Premium Policy

This particular type of whole life policy caters to individuals seeking a higher level of life coverage but are unable to afford it at the moment. It involves paying a lower premium rate that gradually increases within the initial three to five years before stabilizing for the remainder of the policy's duration.

Related terms

Solvency

Understand the meaning and definition of Solvency in the context of stock market, trading, and investments.

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Res ipsa loquitur

Understand the meaning and definition of Res ipsa loquitur in the context of stock market, trading, and investments.

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Hazards

Understand the meaning and definition of Hazards in the context of stock market, trading, and investments.

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All-risk agreement

Understand the meaning and definition of All-risk agreement in the context of stock market, trading, and investments.

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Contingent liability

Understand the meaning and definition of Contingent liability in the context of stock market, trading, and investments.

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Manifestation doctrine

Understand the meaning and definition of Manifestation doctrine in the context of stock market, trading, and investments.

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