Ads
related to: importance of non life insurance- Best Term Life
America's #1 Term Life
Insurance Sales Agency
- Life Ins as Low as $1/Day
Right Life Insurance, Right Price
Find Right Life Ins Rate for You
- We Shop, You Save
Over 34 Years of Experience at
Finding the Best Rates.
- Start Free Quote
Fast & Easy Process,
Personalized Quotes.
- Best Term Life
Search results
Results From The WOW.Com Content Network
General insurance or non-life insurance policy, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
The sale of life insurance in the U.S. began in the late 1760s. The Presbyterian Synods in Philadelphia and New York founded the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759; [56] Episcopalian priests created a comparable relief fund in 1769.
Non-working spouses can also obtain life insurance since their loss would result in a financial burden. Another type of insurable relationship is established with key man insurance .
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]
Ad
related to: importance of non life insurance