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 ?
848-1(h) has special rules for supplemental life insurance contracts and payments of proceeds on contracts issued to well are benefit funds and on credit life insurance contracts.
This article evaluates the paid-up and resumption options in participating life insurance contracts starting with a basic contract that features a guaranteed interest rate and annual surplus participation, as well as a guaranteed death benefit.
79 and 83, to clarify that FMV is also controlling as to life insurance contracts under those provisions.
The core premise of the current standard nonforfeiture law is as true today as it was in 1941 when the Guertin Committee of the National Association of Insurance Commissioners explored nonforfeiture values and concluded that a policyholder's investment in a long-term life insurance contract should be protected.
Mutual funds, variable annuity contracts, variable life insurance contracts and their underlying variable investment options are not deposits or obligations of, or guaranteed or endorsed by, any bank or depository institution, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association (NCUA), the Federal Reserve Board, or any other agency.
64-328 and 66-110, employers have not generally treated any portion of a split-dollar life insurance contract as employee compensation.
The second level of the hierarchy contains the alternative life insurance contracts.
Peachtree expects to close on the purchase of several billion dollars worth of life insurance contracts in 2007 and is working closely with major capital markets banks to augment this new facility.
Contract award: underwriting of life insurance contracts and responsibilities
4 billion yen in new individual life insurance contracts in the six months to Sept.
DALBAR evaluates service by establishing life insurance contracts with each company participating in the program and actively experiences the service received by policyholders.
72 provides rules for determining how amounts received as annuities, endowments or life insurance contracts and distributions from qualified plans should be taxed.

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