A type of life insurance policy beneficiary designation in which the life insurance benefits are divided equally among the designated beneficiaries who survive the insured. For example, if the policy specifies two beneficiaries, but only one is surviving at the time of the insured's death, then the remaining beneficiary receives the entire policy benefit. Contrast with per stripes beneficiary designation. |
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Package Policy
Paid-up Additional Insurance Option Paid-up Policy Partial Disability Participating Policy Pay-at-the-pump Pension Benefit Guaranty Corporation Pensions Per Capita Beneficiary Designation Per Stirpes Beneficiary Designation Peril Period Certain Personal Articles Floater Personal Injury Protection Coverage (PIP) Personal Lines Point-of-service Plan Policy Dividend Options Policyholders' Surplus Policy Political Risk Insurance Pollution Insurance Pool Pre-existing Condition Preferred Provider Organization Preferred Risk Class Premises Premium Reduction Option Premium Tax Premiums In Force Premiums Written Premium Primary Beneficiary Primary Company Primary Market Prime Rate Prior Approval States Private Mortgage Insurance Private Placement Product Liability Insurance Product Liability Professional Liability Insurance Proof Of Loss Property or Casualty Insurance Cycle Property or Casualty Insurance Proposition 103 Purchasing Group Pure Endowment Pure Life Annuity.
