Definition of Extended Insurance
An option to use dividend to procure extended insurance is one to procure extension of term of insurance from date to which premiums have been paid, without further payment. Williams v. Union Central Life Ins. Co., Tex., 291 U.S. 170, 54 S.Ct. 348, 78 L.Ed. 711.
That's the definition of Extended Insurance in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.
