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IconASSOCIATIONS & INSTITUTES

Association of Trust Companies in South Africa

Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

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Graham McPherson
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From The Glossary »

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Termination:

In general it is the failure to renew an insurance contract. Involuntary terminations include death, expirations and maturities of contracts. Voluntary termination of life insurance contracts include lapses with or without cash surrender value and contract modifications that reduce paid-up whole-life benefits or term-life benefits.
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