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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Insurance |
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This is the transfer of a risk of financial loss from the policyowner to an insurance company in exchange for premium payments. For example, the loss as a result of death or disability can be transferred under a term or permanent life insurance policy. The loss as a result of a car accident can be transferred under an automobile insurance policy. Visit our auto site to learn more about auto insurance coverages. See also Whole Life, Interest-Sensitive Whole Life and Universal Life. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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