Insurance   A layperson's glossary of insurance terminology.

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what is...
LIFE INSURANCE
Insurance in which the risk insured against is the death of a particular person, the insured, upon whose death while the policy is in force, the insurance company agrees to pay a stated sum or income to the beneficiary.
ALSO SEE: CREDIT LIFE INSURANCE, YEARLY RENEWABLE TERM, WHOLE LIFE INSURANCE, LIFE ASSURANCE, TERM INSURANCE, LEVEL PREMIUM, ANNUITY, BROKER, WAIVER

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