life insurance

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life insurance:

see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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References in periodicals archive ?
AMP has lost a key life insurance contract with Mercer.
Furthermore, the legal terms of the life insurance contract and underlying mathematical assumptions make it difficult for the policyowner to understand.
A variable annuity or variable life insurance contract may assist its owner with the process of selecting the ordering of retirement income distributions that are non-taxable, partially taxable or fully taxable.
They apply to amounts received under an annuity, endowment, or life insurance contract that is not received as an annuity.
A Section 1035 exchange entails the direct assignment of one annuity or life insurance contract for another, without the contract-holder handling funds in the middle.
The same is true for a variable life insurance contract that does not meet the diversification requirements of regulations under IRC Section 817(h).
Although you can ' 1035' life insurance proceeds into an annuity [with an LTCI rider], you can't swim upstream and '1035' an annuity into a life insurance contract," Burkle said.
Facts: The same as Situation I, except that the contract was a level premium 15-year term life insurance contract without CSV.
Under IRC [section] 60391, every policyholder owning one or more employer-owned life insurance contracts issued after Aug.
Bacinello (2003a,b) analyzes the surrender option in an Italian life insurance contract with single and periodic premiums, including mortality risk; Bacinello (2005) performs this analysis for unit-linked contracts; Albizzati and Geman (1994) analyze the value of a surrender option in French life insurance contracts while establishing the concept of exercise probabilities.
The investment account would be wrapped with a non-commissionable, institutionally priced, private placement life insurance contract.
Life insurance contract portfolio was EUR1,321m at the end of June 2005, as compared to EUR1,232m on 1 January 2005.

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