When a policy is taken out, it is taken out with an agreed sum assured. If you allow your policy to lapse due to the stopping of premium payments then the sum assured is reduced to give you a lower value (this is seen as a contract breach and is effectively the penalty you have to pay)The reduced sum assured is referred to as "the paid up value"
Unlikely as the term polcy is for specific termand whole life pays out on death. The actuaries who set the premiums at the outset of the policy use mortality rates when the policy is taken out. To convert to a whole life policy would mean ia complete reevaluation which is not cost effective for the insurer. You could make term policy paid up and take out whole life policy but its best to take independent advice.
If the policy was taken out a long time ago it was likely to have been taken out with either LV= or Royal Liver friendly societies as these are the 2 biggest companies still left from that era. If you can provide these companies with a date of commencement and the age the person would have been when the policy was taken out I'm sure they will be able to check there paid up records for your policy.
The economic actions taken by government are known as fiscal policy.
policy
Guess you mean stabilization of the price level. Look up stabilization policy.
renewing your policy
Temp cover is car insurance that is the same as annual insurance except that except it is for a shorter term on your policy insurance. This insurance policy can be taken out for the minimum of 1 day and up to 8 months.
Policy outputs are actions taken in pursuance of policy decisions; they come first and are more tangible. Policy outcomes focus on a policy's societal consequences after the policy has been implemented.
the policy is a 500 hundred dollar policy was taken out on me in 1970 im 50 years old now what do i need to do to cash my policy
There are many steps that can be taken in order to find an insurance policy. If you have the original paperwork from the insurance policy, this is the best thing. If you do not have the paperwork and have not been able to retrieve it, you can call the company you believe the policy may have been written from. If you do not know the exact company, calling around would be the next best thing. If a policy is in place these steps should help you find it. If you can not find it, it doesn't mean one doesn't exist, so don't give up until you have exhausted all resources.
a course of action taken by a government body