A contract that combines whole life insurance and term life insurance, with the future expiration date of the term policy stated. If the insured should die before the expiration date of the term life policy, both policies will pay out.
Insurance Encyclopedia
Doughnut hole
Also spelled donut hole . Another name for the step in a Medicare Part D plan in which the patient pays all of the expenses for eligible drugs until he or she has spent $3850. Also referred to as coverage gap or The gap .