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Glossary > I > "Income Policy" Definition

Income Policy

A Life Insurance contract that provides income on a monthly or other periodic basis, as opposed to a policy which pays proceeds in a lump sum.

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Income Policy - A Life Insurance contract that provides income on a monthly or other periodic basis, as opposed to a policy which pays proceeds in a lump sum.

Income Policy : a life insurance contract that provides income on a monthly or other periodic basis, as opposed to a policy which pays proceeds in a lump sum.