No-Lapse Guarantee

No-Lapse Guarantee,

No-Lapse Guarantee Definition:

  • The insurance company's ongoing contract is to maintain the life insurance policy on an ongoing basis, but its value can be zero or negative if the agreed minimum premium is paid consistently.

  • Approval to implement the insurance company's Universal Life Insurance Policy, even if the current value is less than or equal to zero, provided the minimum premium requirements provided in the policy are met.

Literal Meanings of No-Lapse Guarantee

No:

Meanings of No:
  1. do not do that.

  2. Voting, such as a negative reaction or decision.

  3. The answer was no.

  4. Not at all, not at all.

  5. do not do that.

  6. The chemical element noblem.

Sentences of No
  1. For no reason

  2. Yes No I can't change automatically

Synonyms of No

cold shoulder, no thanks, by no means, disapproval, absolutely not, cold-shouldering, of course not, dismissal, refusal, no, no indeed, never, negation, not really, veto, declining, turndown, rejection, turning down, under no circumstances, rebuff, non-acceptance, most certainly not, spurning, snub, snubbing

Lapse:

Meanings of Lapse:
  1. Concentration, memory or temporary decision failure.

  2. Interval or lapse of time.

  3. (Right, Privilege or Agreement) is invalid because it is not used, claimed or renewed.

  4. Move slowly (fewer states or states)

Sentences of Lapse
  1. The game suffered a setback due to a lack of concentration in the second set

  2. There is a long way between the two events.

  3. My academy membership has expired

  4. The country fell into chaos

Synonyms of Lapse

fail, deteriorate, interlude, out of date, void, lull, discontinued, terminated, decline, degenerate, intermission, invalid, error, pause, rot, expired, wane, dereliction, failure, blunder, regress, worsen, omission, sink, fall off

Guarantee:

Meanings of Guarantee:
  1. A formal promise or guarantee (usually in writing) that certain conditions will be met, especially that a product will be repaired or replaced if the set standards and durability are not met.

  2. Formal obligation to pay third party debts or meet third party obligations in the event of default. Anything that acts as a suicide attack for a formal commitment to pay someone else's debt.

  3. In particular, provide a formal guarantee or promise that certain conditions related to a product, service or transaction will be met.

Sentences of Guarantee
  1. We offer a 10 year warranty against rust.

  2. The thief makes sure that the dirt will get at least 20 ounces of gold

Synonyms of Guarantee

undertaking, commitment, warrant, covenant, bond, settlement, understanding, warranty, compact, agreement, promise, assurance, contract, pledge, arrangement

No-Lapse Guarantee,

How Do You Define No-Lapse Guarantee?

No-Lapse Guarantee definition is: The insurer's agreement to keep the life insurance policy open is valid whether the price is z or negative if the agreed minimum premium is paid.

Literal Meanings of No-Lapse Guarantee

No:

Meanings of No:
  1. Noh different spelling.

  2. A chemical element with atom number 102, a radioactive metal from the actinide series. Nobelum does not occur naturally and was first created by bombarding curium with a carbon core.

  3. Masked with traditional Japanese theater, Shinto rituals, dance and song.

Sentences of No
  1. Can't automatically change from yes to no

  2. Play for noh

Synonyms of No

no way, nae, naw, negative, no siree, nay, not on your life, not on your nelly, not at all, nah, nope, no fear

Lapse:

Meanings of Lapse:
  1. Short or temporary failure of concentration, memory or decision.

  2. (Right, Privilege or Agreement) goes wrong because it is not used, claimed or renewed.

  3. Move slowly (a lower state or state).

Sentences of Lapse
  1. He lost the game due to lack of concentration in the second set

  2. There is a long gap between the two events.

Synonyms of Lapse

passage, slip, become void, go down the toilet, failing, oversight, negligence, mistake, hit the skids, backslide, hiatus, retrogress, slip-up, go to pot, span, break, unrenewed, slump, period, interval, decay

Guarantee:

Meanings of Guarantee:
  1. A formal guarantee (usually in writing) that certain conditions will be met, especially if a product does not meet a certain standard and will be repaired or replaced.

  2. Liability for repayment or fulfillment of third party loans or obligations by default by the principal controller.

Synonyms of Guarantee

give an assurance, take an oath, swear, give an undertaking, undertake, swear to the fact, vow, give assurances, swear an oath, plight, give one's word, give a pledge