Home > Terms > English, UK (UE) > Future purchase option

Future purchase option

Life and health insurance provisions that guarantee the insured the right to buy additional coverage without proving insurability. Also known as "guaranteed insurability option."

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Insurance
  • Category: Life insurance
  • Company:
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  • Acronym-Abbreviation:
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