plan completion insurance

plan completion insurance definition - business

plan completion insurance

A life insurance policy for people who purchase mutual fund shares as part of a periodic payment plan. In the event of the participant's death before completion of the contract, plan completion insurance pays an amount sufficient to complete the remaining payments.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.