POLICY SUMMARY
\pˈɒlɪsi sˈʌməɹi], \pˈɒlɪsi sˈʌməɹi], \p_ˈɒ_l_ɪ_s_i s_ˈʌ_m_ə_ɹ_i]\
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A shortened version/ summary of any life insurance policy. A summary gives information regarding the coverage limitations, conditions as well as the total premiums that will be charged. The policy summary might be given out to a policy holder, on virtually every transaction.
By Henry Campbell Black
