Life insurance

Life insurance

Contributors in Life insurance

Life insurance

Protection of a business against the financial loss caused by the death of a vital member of the firm. A means of protecting a business from the adverse effects of the loss of individuals possessing ...

insurance

Insurance; Life insurance

Protection, through specified monetary compensation or reimbursement for loss, provided by written contract against the happening of specified chance or unexpected events. The contractual ...

yearly renewable term insurance

Insurance; Life insurance

Renewable term insurance under which the successive terms are for one year.

backdating

Insurance; Life insurance

Some insurance companies allow policies to be dated earlier than the actual date issued in order to save age. By underwriting at a younger age, the premiums will typically be lower than if the policy ...

decreasing term life insurance

Insurance; Life insurance

Term life insurance on which the face value slowly decreases in scheduled steps from the date the policy comes into force to the date the policy expires, while the premium remains level.

renewable term

Insurance; Life insurance

Term life insurance under which the insured has the right, at the end of the term, to elect to continue the insurance for another term (at the premium for his or her then attained age) without ...