lapsed policy

简明释义

提前终止有效期的保险单

英英释义

例句

1.To reinstate a lapsed policy, you may need to pay back premiums and fees.

要恢复一份失效保单，你可能需要支付欠款和费用。

2.The bank notified him that his life insurance had become a lapsed policy due to non-payment.

银行通知他，由于未付款，他的寿险已成为失效保单。

3.He was surprised to find out that his health insurance was a lapsed policy when he needed medical attention.

当他需要医疗照顾时，发现自己的健康保险是失效保单让他感到惊讶。

4.After failing to pay the premium on time, her insurance became a lapsed policy.

由于未能按时支付保费，她的保险变成了失效保单。

5.It's important to review your coverage regularly to avoid having a lapsed policy.

定期检查你的保险覆盖范围很重要，以避免出现失效保单。

作文

In the world of insurance and finance, understanding various terminologies is crucial for making informed decisions. One such term that often arises is lapsed policy, which refers to an insurance policy that has become inactive due to non-payment of premiums by the policyholder. When a policy lapses, the coverage provided under that policy ceases, leaving the insured without protection. This situation can occur for several reasons, including financial difficulties, forgetfulness, or a lack of understanding about the importance of maintaining regular premium payments.The consequences of a lapsed policy can be significant. For instance, if an individual has life insurance that lapses, their beneficiaries may not receive the intended financial support in the event of the policyholder's death. Similarly, health insurance policies can lapse, leaving individuals vulnerable to high medical costs without coverage. In many cases, once a policy has lapsed, the insurer may require the policyholder to undergo a new underwriting process to reinstate the coverage, which could result in higher premiums or denial of coverage based on the individual's current health status.To avoid the pitfalls associated with a lapsed policy, it is essential for policyholders to stay organized and proactive about their insurance needs. Setting reminders for premium due dates, opting for automatic payments, or regularly reviewing one’s financial situation can help ensure that premiums are paid on time. Additionally, understanding the terms and conditions of the policy, including the grace period allowed for late payments, can provide peace of mind and prevent unexpected lapses.Moreover, insurers often provide options for policyholders who find themselves in a situation where their policy has lapsed. Some companies may allow reinstatement of the policy within a certain timeframe, while others might offer alternative solutions, such as converting the lapsed policy into a different type of coverage. It is important for individuals to communicate with their insurance providers to explore these options and understand the implications of their choices.In conclusion, a lapsed policy represents a significant risk for individuals relying on insurance for financial security and peace of mind. By being diligent in managing premium payments and understanding the nuances of their policies, individuals can protect themselves from the adverse effects of a lapse. Insurance is meant to be a safety net, and maintaining active coverage is key to ensuring that it serves its purpose effectively. The importance of staying informed and proactive cannot be overstated, as it can make all the difference in times of need. Therefore, understanding what a lapsed policy entails and taking steps to prevent it is vital for anyone who seeks to safeguard their financial future and the well-being of their loved ones.

在保险和金融的世界中，理解各种术语对于做出明智的决策至关重要。其中一个常见的术语是失效保单，指的是由于投保人未支付保费而变得无效的保险单。当保单失效时，该保单提供的保障就会停止，使被保险人失去保护。这种情况可能由于多种原因发生，包括财务困难、遗忘或缺乏对按时支付保费重要性的理解。失效保单的后果可能是显著的。例如，如果一个人的人寿保险失效，其受益人在投保人去世时可能无法获得预期的财务支持。同样，健康保险政策也可能失效，使个人在没有保障的情况下面临高额医疗费用。在许多情况下，一旦保单失效，保险公司可能要求投保人重新进行承保程序以恢复保障，这可能导致更高的保费或根据个人当前的健康状况拒绝承保。为了避免与失效保单相关的陷阱，投保人必须保持组织性并积极应对他们的保险需求。设置保费到期日的提醒、选择自动付款或定期审查个人财务状况可以帮助确保按时支付保费。此外，理解保单的条款和条件，包括允许延期付款的宽限期，可以提供安心，并防止意外失效。此外，保险公司通常为那些发现自己处于保单失效情况的投保人提供选项。一些公司可能允许在一定时间内恢复保单，而其他公司则可能提供替代解决方案，例如将失效保单转换为不同类型的保险。个人与保险提供者沟通以探索这些选项并理解其选择的影响是非常重要的。总之，失效保单代表了依赖保险来获得财务安全和内心平静的个人所面临的重大风险。通过认真管理保费支付和理解保单的细微差别，个人可以保护自己免受失效的不利影响。保险旨在成为安全网，保持活跃的保障是确保其有效发挥作用的关键。保持信息灵通和积极主动的重要性不容小觑，因为这在需要时可以产生所有的不同。因此，理解失效保单的含义并采取措施防止其发生对于任何希望保护其财务未来和所爱之人的人来说都是至关重要的。