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Tuesday, July 17, 2007

Death insurance

About term death insurance and death insurance quote.
What is death insurance?
A policy that will pay a specified sum to beneficiaries upon the death of the insured
Insurance in which the risk insured against is the death of a particular person, the insured, upon whose death while the policy is in force, the insurance company agrees to pay a stated sum or income to the beneficiary
Insurance on human lives including endowment benefits, additional benefits in event of death or dismemberment by accident or accidental means, additional benefits for disability, and annuities
Insurance providing payment of a specified sum of money to a beneficiary when the insured dies
Insurance providing for payment of a specified amount on the insured's death, either to his or her estate or to a designated beneficiary; or in the case of an endowment policy, to the policy holder at a specified date
The amount the surviving party will receive in the event of death
death insurance, sometimes referred to as death assurance, provides for a payment of a sum of money upon the death of the insured. In addition, death insurance can be used as a means of investment or saving
An alternative phrase used to describe death Assurance (see Assurance described above)
insurance where a policyholder's dependents receive a cash lump sum if he or she dies
death insurance for which the premium remains the same from year to year
Any form of death insurance except term; generally insurance that builds up a cash value, such as whole death

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