Life Insurance Policy

Life Insurance Policy. The policy or its provisions may vary or be unavailable in some states. Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer.

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Learn about the different types of life insurance coverage to help you narrow your policy options. In exchange for a systematic payment or premium payments, the insurance company provides an amount, known as a death. A life insurance policy is a contract between you and an insurance company.

Life insurance can be one of the most confusing forms of insurance.

Whole-life policies, a type of permanent insurance, combine life coverage with an investment fund.

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Beneficiaries of Unclaimed Life Insurance Policies

Loans taken against a life insurance policy can have adverse effects if not managed properly. Video overview of the FEGLI life insurance program for annuitants and retiring employees. Permanent life insurance policies remain active until the insured dies, stops paying premiums, or surrenders the policy.