What does life-insurance mean?

Definitions for life-insurance
life-in·sur·ance

This dictionary definitions page includes all the possible meanings, example usage and translations of the word life-insurance.


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Wikipedia

  1. life-insurance

    Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental medical procedure or by taking medication resulting in injury or death. Modern life insurance bears some similarity to the asset-management industry, and life insurers have diversified their product offerings into retirement products such as annuities.

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Numerology

  1. Chaldean Numerology

    The numerical value of life-insurance in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of life-insurance in Pythagorean Numerology is: 1

Examples of life-insurance in a Sentence

  1. Evgeni Kostitsyn:

    Free financial advice: buy life insurance for Saakashvili from US and UK insurance companies.

  2. Fair Trade Commission Kim:

    The clear fact is, the current ownership and control structure of Samsung Group, which goes from Vice Chairman Jay Y. Lee to Samsung C&T to Samsung Life Insurance to Samsung Electronics, is not sustainable.

  3. Compton Game:

    The main reasons a young person needs life insurance are if they are married or have a family. Life insurance provides income replacement that can be valuable for young people who are just starting out, or in the situation where one spouse makes more than the other.

  4. President Biden:

    It means access to life insurance, home loan insurance, tuition benefits and help with health care. It means new facilities, improved care, more research and increased hiring and retention of health care workers treating veterans.

  5. President Hiroshi Shimizu:

    The United States is the world's largest life insurance market. We are looking for ways to expand our business there, we would also like to explore various possibilities in Asia's emerging countries.

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"life-insurance." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/life-insurance>.

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