Modified Life Insurance

Modified Life Insurance,

Modified Life Insurance Definition:

  1. Routine life insurance policy in which the premiums are adjusted so that the premiums are less than the standard policies for the first 3 to 5 years and higher than the standard policies for the subsequent years.

  2. This type of life insurance has a relatively low premium in the first few years, but will increase in the coming years.

Literal Meanings of Modified Life Insurance

Modified:

Meanings of Modified:
  1. Make partial or minor changes to (something)

Sentences of Modified
  1. He is probably ready to change his mind

Synonyms of Modified

alter, make alterations to, change, adjust, make adjustments to, adapt, amend, improve, revise, recast, reform, reshape, refashion, redesign, restyle, revamp, rework, remake, remodel, remould, redo, reconstruct, reorganize, refine, reorient

Life:

Meanings of Life:
  1. A condition that distinguishes animals and plants from non-constituents, including their ability to grow, reproduce, function, and change before they die.

  2. The existence of man or animal.

  3. The time between the birth and death of living human beings, especially human beings.

  4. Significance, power or energy.

  5. (In art) Representation of an article from a real model rather than the artist's imagination.

Sentences of Life
  1. The essence of life

  2. A catastrophe that killed 266 Americans

  3. He spent his entire life in the countryside

  4. She is beautiful and full of life

  5. Your poses and clothes are taken from life

Synonyms of Life

existence, being, living, animation, aliveness, animateness, person, human being, individual, mortal, soul, creature, lifetime, life span, days, duration of life, allotted span, course of life, time on earth, one's time, one's career, threescore years and ten, this mortal coil, vivacity, liveliness, vitality, verve, high spirits

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in return for payment of a premium.

  2. Something to protect against possible emergencies.

Synonyms of Insurance

indemnity, indemnification, protection, financial protection, security, surety, cover, defence, safeguard, safety measure, shelter, precaution, provision, preventive measure, immunity