What is Life Insurance – Defined

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Posted on 16th August 2012 by Rita in Life Insurance

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Insurance that guarantees a sum of money to be paid out on the death of the insured or after a set period of time.

Life Insurance is a contract between an insurance policyholder and an insurer (company). The insurer promises to pay a sum of money typically to the beneficiary, upon the insured’s death.

The essential goal of life insurance is to provide (more…)