border
border


Financial Dictionary

Financial Dictionary - definitons of investment, economic and financial terms

Atlantic Financial


Atlantic Financial


Investment Word

Life Insurance

Add to GoogleAtlantic Financial Investment Word RSS Feed

Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured's death. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals.

Life insurance is a contract between the Insurer and the Policy Owner or Policyholder whereby a benefit is paid to the designated Beneficiary if an insured event (such as death) occurs.
To be a life policy the insured event must be based upon life of the people name in the policy

life insurance - definition

Back to the top of the page for Life Insurance



 








image


image
image

disclaimer