Term life insurance Definition Term life insurance is a type of life insurance that is temporary, as it covers only a specific period of time, the relevant term. It can be considered pure insurance because it builds no cash value. This is in contrast to permanent life insurance such as whol...
More Definitions of Life Insurance Coverage Life Insurance Coverage has the meaning set forth in Section 9(c) hereof. Sample 1 Based on 1 documents SaveCopy Life Insurance Coverage means the continued coverage to which you will be entitled under the Company's group-term and executive life insura...
The meaning of INSURANCE is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence.
Life Assurance Benefitmeans,in relation toa Member,the benefitsthat become payable underthe Policyon his or her death. Sample 1 Examples ofLife Assurance Benefitin a sentence In the event of the subsequent death of the relevant Member during the currency of this Policy the remaining balance of ...
The policy limit is the maximum amount an insurer will pay fora covered lossunder a policy. Maximums may be set per period (e.g., annual or policy term), per loss or injury, or over the life of the policy, also known as the lifetime maximum. ...
:an irrevocable trust in which the grantor retains the right to all income for a specified term or for whichever comes first of a specified term or death after which the trust assets transfer to the beneficiary —grantor retained unitrust ...
The policy limit is the maximum amount an insurer will pay fora covered lossunder a policy. Maximums may be set per period (e.g., annual or policy term), per loss or injury, or over the life of the policy, also known as the lifetime maximum. ...
Definition of Health Care Insurance in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Health Care Insurance? Meaning of Health Care Insurance as a legal term. What does Health Care Insurance mean in law?
term insurance - low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value; "term insurance is most often associated with life insurance policies" 2. insurance - written contract or certificate of insurance; "you should have read the sma...
Life insurance can help defray costs of the funeral, pay off the estate's debts, and may provide for the survivors' (notably a widow or widower) future. There are two main types of life insurance. Term life insurance lasts only for a certain period of time and pays the death benefit ...