Ask Question
3 October, 10:05

What is life insurance?

+2
Answers (1)
  1. 3 October, 10:09
    0
    Life insurance or life assurance is a contract between an insurance policy holder and an insurer or assurer (insurance company). The insurance company agrees to pay the beneficiary a sum of money in exchange for a premium, upon the death of the insured person. The insured person may be the policy holder himself or a third person other than the beneficiary.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is life insurance? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers