The meaning of LIFE INSURANCE is insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured.
Define life insurance. life insurance synonyms, life insurance pronunciation, life insurance translation, English dictionary definition of life insurance. n. Insurance that guarantees a specific sum of money to a designated beneficiary upon the death of
Define Life-insurance. Life-insurance synonyms, Life-insurance pronunciation, Life-insurance translation, English dictionary definition of Life-insurance. n. Insurance that guarantees a specific sum of money to a designated beneficiary upon the death of
Definition of life insurance noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
A life insurance policy that provides benefits for a specified period (for example, 20 years or until age 65) and that may be redeemed at face value if the insured is alive at the end of the specified period. Thus, payment is made regardless of whether the insured lives or dies, althoug...
Main Types of Insurance Classifications Risk ClassificationDefinitionPremium Impact Preferred PlusThis is the highest classification, meaning you’re in excellent health and have little to no medical history.You’ll have one of the lowest rates in the market. ...
Main Types of Insurance Classifications Risk ClassificationDefinitionPremium Impact Preferred PlusThis is the highest classification, meaning you’re in excellent health and have little to no medical history.You’ll have one of the lowest rates in the market. ...
The meaning of GROUP LIFE INSURANCE is insurance upon the lives of a number of persons under a blanket policy without medical examination and at low cost.
Participating life insurance, in addition to the guaranteed death benefit, can generate and pay out money over the course of the policy in the form of dividends. These dividends, which are determined by the insurance company’s performance and profits, are typically issued to the policyholder annu...
1.Insurance Information Institute. What are the different types of term life insurance policies?. Accessed Feb 6, 2025. Back to top About the authors Georgia Rose Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The New York Times, The Wa...