life insurance

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Related to life insurance: whole life insurance, Term life insurance

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 ?
Here are three techniques to revamp the way your credit union offers life insurance products:
* Key trends, drivers and challenges for the life insurance segment
Another common type of life insurance plan is called universal life insurance.
19 AXA Equitable Life Insurance 1290 Avenue of the Americas
Stranger-originated and investor-originated life insurance is a fast-growing and huge piece of the overall life settlement market, said North Dakota Insurance Commissioner Jim Poolman, chairman of the National Association of Insurance Commissioners' Life Insurance and Annuities Committee.
"I was fixed on the traditional notion of life insurance to [pay for] my burial."
However, we believe that because viatical and life settlement contracts are sold for amounts that exceed the cash surrender value, and because recent litigation has sought to classify the trading of interests in life insurance contracts as securities, there is compelling justification for recording such contracts at amounts greater than the cash surrender value.
The life settlement industry has created a secondary market for acquiring life insurance policies from qualifying policyholders, who receive an offer guaranteed to exceed the cash value.
Making a life insurance narrative scintillating as well as informative is, at the very least, a challenge, yet this author succeeds extraordinarily well on both scores.
The maximum amounts of life insurance available are $2 million under the life insurance programs for individual CPAs and their spouses, and $500,000 under the Group Insurance Plan for owners and employees of public accounting firms.

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