Modified Life Insurance,
Modified Life Insurance Definition:
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.
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
Meanings of Modified:
Make partial or minor changes to (something)
Sentences of Modified
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
Meanings of Life:
A condition that distinguishes animals and plants from non-constituents, including their ability to grow, reproduce, function, and change before they die.
The existence of man or animal.
The time between the birth and death of living human beings, especially human beings.
Significance, power or energy.
(In art) Representation of an article from a real model rather than the artist's imagination.
Sentences of Life
The essence of life
A catastrophe that killed 266 Americans
He spent his entire life in the countryside
She is beautiful and full of life
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
Meanings of Insurance:
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.
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