Life · Chapter 4 · Special Products
Juvenile Insurance / Jumping Juvenile
Definition
Ordinary life on a minor; an adult owns and pays (third-party ownership). Jumping juvenile: face amount "jumps" (≈5×) at a set age with no evidence of insurability and no premium increase.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms