Life insurance policy


 

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Life insurance policy

The contract that sets out the terms of life insurance coverage.



Life insurance policy

Similar Matches

Second to die insurance

Second to die insurance

Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes.


Deposit insurance

Deposit insurance

See: FDIC: Federal Deposit Insurance Corporation


Personal accident and sickness insurance

Personal accident and sickness insurance

An insurance policy similar to personal accident insurance with the additional benefit of cover against disablement due to sickness.


Insurance

Insurance

Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.


Disability income insurance

Disability income insurance

Insurance which provides an income to policyholders when they are unable to work due to an illness or injury.Disability payments to insured people, which normally commence after a set period (the elimination period), are usually tax free provided the premium payments are up to date.


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