Definition of life insurance company

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TeachMeFinance.com - explain life insurance company



life insurance company -- a type of financial intermediary that shares the financial risk of untimely death among its participants. The participants buy policies for which they pay stated, periodic premiums and are guaranteed a minimum payment to designated beneficiaries at the time of the policyholder's death. Policyholders may also use their policies to build up cash savings.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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