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life insurance
(redirected from Life insurer)

    Also found in: Financial, Wikipedia 0.04 sec.
life insurance: see insurance insurance 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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life insurance

Method by which large groups of individuals equalize the burden of financial loss from death by distributing funds to the beneficiaries of those who die. Life insurance is most developed in wealthy countries, where it has become a major channel of saving and investing. There are three basic types of life-insurance contract. Term insurance is issued for a specified number of years; protection expires at the end of the period and there is no cash value remaining. Whole-life contracts run for the whole of the insured's life and also accumulate a cash value, which is paid when the contract matures or is surrendered; the cash value is less than the policy's face value. Endowment contracts run for a specified time period and pay their full face value at the end of the period.



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life insurer has been using the whale in its commercials since 1997.
A whale of an ad by Best's Review
John Calagna, spokesman for the New York Department of Insurance, refused to say how much the nation's largest life insurer would be fined but said it would be more than the record $20 million Metropolitan Life Insurance Co.
PRUDENTIAL TO PAY MILLIONS IN CHURNING SCHEME by Daily News (Los Angeles, CA)
California Insurance Commissioner John Garamendi recommended a French investor group as the best bidder to buy seized life insurer Executive Life Insurance Co.
Altus-Mutuelle bid for ExecLife is given nod by Garamendi by Tobenkin, David / Los Angeles Business Journal
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