The-definition.com

Definition

Life insurance policies

Life insurance policies is the contracts that promise cash payments beneficiaries when the death of a policyholder occurs.


Life insurance policies the contract between a life insurance company  and the entity buying the policy or policy holder.

Share it:  Cite

More from this Section

  • “Dirty” float
    “Dirty” float refers to a system of floating (i.e., market-determined) exchange rates ...
  • Appreciation
    Appreciation— in the context of exchange rate changes, a rise in the foreign exchange ...
  • Prospective reserve
    Prospective reserve is in life insurance, the difference between the present value of ...
  • Inventory investment
    Inventory investment is the spending by firms on additional holdings of raw materials, ...
  • Defeasance Clause
    Defeasance Clause indicates a legal clause or part of a mortgage agreement where the owner ...