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Permanent life insurance
Permanent life insuranceAn umbrella term for life insurance plans that do not expire (unlike term life insurance) and combine a death benefit with a savings portion. RELATED TERMS-------------------------------------- Term The period of time during which a contract is in force. Insurance A contract in which payment of premiums covers the insured against something which may, or may not occur. Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. SIMILAR TERMS-------------------------------------- Permanent assets Fixed assets (plant and equipment) and permanent current assets. Permanent current assets The minimum level of current assets that a firm needs to continue operation. Permanent financing Long-term financing using either debt or equity. Permanent spontaneous current liabilities The minimum level of spontaneous liabilities that is always maintained by a firm. Permissiable nonbank activities Financial activities closely related to banking that may be engaged in by bank holding companies (BHCs), either directly or through nonbank subsidiaries. PREVIOUS AND NEXT TERMS-------------------------------------- Periodic purchase deferred contract A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. Periodic rate The monthly effective interest rate. Permanent assets Fixed assets (plant and equipment) and permanent current assets. Permanent current assets The minimum level of current assets that a firm needs to continue operation. Permanent financing Long-term financing using either debt or equity. Permanent life insurance Permanent spontaneous current liabilities The minimum level of spontaneous liabilities that is always maintained by a firm. Permissiable nonbank activities Financial activities closely related to banking that may be engaged in by bank holding companies (BHCs), either directly or through nonbank subsidiaries. Perp walk A slang term describing the police action of parading an arrested suspect in handcuffs before the media. Perpendicular spread Option strategy involving the purchase of options with similar expiration dates and different exercise prices. Perpetual bond Nonredeemable bond with no maturity date that pays regular interest rates indefinitely. We thank you for using the Financial Dictionary to search for Permanent life insurance. If you have a better definition for Permanent life insurance than the one presented here, please let us know by making use of the suggest a term option. This definition of Permanent life insurance may be disputed by other professionals. Our attempt is to provide easy definitions on Permanent life insurance and any other medical topic for the public at large.
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