Life Insurance

A contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder between a personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). and a life insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer that provides coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. in the event the person dies. Life insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." policies may include endowmentLife Insurance payable to the policyholder if living, on the maturity date stated in the policy, or benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage, additional benefits in the event the insuredThe policyholder - the person(s) protected in case of a loss or claim. person loses an armSee: adjustable rate mortgage. or leg due to an accidentAn unforeseen, unintended event; something unexpected; fortuitous., or in the event of a disabilityAn inability to substantially perform the duties of your job due to illness or injury, which is determined. Life insurance policies also may offerWhen you make an offer on a house, it means you are making a formal bid to buy a home. You can work annuities.

Life Insurance

A policyThe written contract of insurance. that will pay a specified sum to beneficiaries upon the death of the insuredThe policyholder - the person(s) protected in case of a loss or claim..

Life Insurance

Insurance providing for paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a specified amount on the InsuredThe policyholder - the person(s) protected in case of a loss or claim.'s death, either to his or her estateThe ownership interest of an individual in real property. The sum total of all the real property and or to a designated beneficiaryThe person, persons or entity designated to receive the death benefits from a life insurance policy or annuity contract.; or in certain cases to the policyholderThe person who owns the insurance policy. This is usually the insured person, but it may also be a relative at a specified date. CoverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. on human lives including benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage of endowmentLife Insurance payable to the policyholder if living, on the maturity date stated in the policy, or and fixedGuarantees a specific payment amount in the future. annuities. Could also include benefits in the event of death or dismembermentLoss of body members (limbs), or use thereof, or loss of sight due to injury. by accidentAn unforeseen, unintended event; something unexpected; fortuitous. or benefits for disability incomeProvides benefits in case of the insured's inability to perform all or part of his/her occupational.