What Is Life Insurance

What Is Life Insurance

Life insurance is a contract between an individual (the policyholder) and an insurance company, in which the insurance company agrees to pay a sum of money (the death benefit) to the designated beneficiaries upon the death of the policyholder. In…

What Is Insurance

What Is Insurance

Insurance is a contract between an individual or an entity (the policyholder) and an insurance company, in which the policyholder pays a premium in exchange for protection against financial losses. The insurance company assumes the risk of loss and agrees…

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