Skip to Content

multiple indemnity

Multiple indemnity refers to a life insurance policy provision that specifies the payment of some multiple of the face value (e.g., 100 or 200 percent) when the insured's death is caused by certain types of accidents.

On This Page

multiple indemnity

Multiple indemnity refers to a life insurance policy provision that specifies the payment of some multiple of the face value (e.g., 100 or 200 percent) when the insured's death is caused by certain types of accidents.

Related Terms