Life Insurance
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Definition:
Life insurance is an agreement made between an insurance company and a policy holder. The contract provides designated benficiaries a sum of money on the event of death or terminal illness of the policy holder in exchange for periodic payments (premiums) from the insured.
Related Concepts:Annuity
Deferred Compensation
Endowments
Insurance Bond
Mortality Table
Available Positions Related to Life Insurance:Asset & Investment Management jobs
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