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InterviewSolution
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What Is Life Insurance? |
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Answer» Life Insurance is a contract providing for payment of a sum of money to the person assured or the person entitled to RECEIVE the same on the happening of certain events, usually DEATH life insurance is DEFINED as a mutual agreement by which one party AGREES to pay a given sum of money upon the happening of a particular event contingent upon the duration of human life, in consideration of the payment of a smaller sum immediately, or in periodical payments by the other party. Life Insurance is a contract providing for payment of a sum of money to the person assured or the person entitled to receive the same on the happening of certain events, usually death life insurance is defined as a mutual agreement by which one party agrees to pay a given sum of money upon the happening of a particular event contingent upon the duration of human life, in consideration of the payment of a smaller sum immediately, or in periodical payments by the other party. |
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