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supplementary contract

A supplementary contract is an agreement between a life insurance company and a policyholder or beneficiary by which the insurer retains the cash sum payable under the policy and makes payments in accordance with the settlement option chosen.

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supplementary contract

A supplementary contract is an agreement between a life insurance company and a policyholder or beneficiary by which the insurer retains the cash sum payable under the policy and makes payments in accordance with the settlement option chosen.