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  2. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. [1] The insurance policy is generally an integrated ...

  3. Insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Insurance_in_the_United_States

    Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.

  4. Managing general agent - Wikipedia

    en.wikipedia.org/wiki/Managing_general_agent

    In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".

  5. 5 annuity mistakes you do not want to make - AOL

    www.aol.com/finance/5-annuity-mistakes-not-want...

    Mortality and expense risk charges: Insurance companies charge this fee for guarantees provided in the annuity contract. ... Some contracts include a free withdrawal provision, letting you take ...

  6. Retirement annuities: Pros and cons of annuity investing - AOL

    www.aol.com/finance/retirement-annuities-pros...

    An annuity is a contract issued by an insurance company that pays a stream of income for a specified period or often for the remaining life of the contract holder. ... The contracts will typically ...

  7. Life settlement - Wikipedia

    en.wikipedia.org/wiki/Life_settlement

    A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]