Uploaded on Sep 8, 2020
Life Insurance is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a set period or upon the death of an insured person.
Life Insurance
Life Insurance
An Introduction.
Life Insurance is a contract between an insurance
policyholder and an insurance company, where the
insurer promises to pay a sum of money in exchange
Definition for a premium after a set period or upon the death of an insured person.
Life Insurance acts as financial protection for your
family in case of your death or a payment made to
you on surviving the policy term. In return for this
payment, you make periodic fixed payments to the
Life life insurance company. In certain types of policies, there is an option to get critical illness benefits or
Insurance create additional protection for your family if you pass
away from an accident. You can read about these
features and types of life insurance policies below.
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