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Life Life insurance is a nonprofit organization dedicated to helping people gain financial responsibility and educating people on life insurance. You can get more information at the Life Happens Organization website. Once on the page, click on "About Us" in the top navigation to bring up the information.
Wiki User
∙ 10y ago
Wiki User
∙ 14y agoLife insurance is an instrument that makes you poor throughout your whole life so that you can die rich.
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What happens if a life insurance policy fails to meet the federal definition of life insurance?
loss of tax treatment
Where can the federal definition of life insurance be found?
irs regulations
What is a term life definition?
The definition of term life is life insurance that provides coverage for a fixed period of time in your life. If you pass away during the term, your beneficiary will be granted with your life insurance amount based on your specific policy.
What is the definition of term life insurance?
Life insurance is an insurance service that one can purchase, and will pay out a lump sum of money when the owner of the life insurance passes away. It can also be paid out, or bought out, before the owner passes away.
What is the definition of the term 'whole life insurance'?
A whole life insurance provides coverage for an individual's whole life. A savings components which builds overtime and can be used for wealth accumulation. Whole life is the most basic form of cash value insurance.
What does the term windowing mean in life insurance?
A period of time when you can do something can be a definition of a window.
Where does the statutory definition of life insurance appear?
Section 7702 of the Internal Revenue Code
What is Definition of flexible premium life insurance?
should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over
Where can one find a life insurance definition?
Life insurance is an agreement with a company to pay a specific amount of money to your survivors upon your death. You should speak to a local insurance agent if you are interested in finding out which type of insurance policy is best for you and your family.
Where can one find information about term life insurance definition?
Life insurance is a protection against the loss of income after someone has died. It provides a layer of financial security for your family after you die.
When referring to life insurance what is the definition of a beneficiary?
When referring to life insurance, a beneficiary is a person specified by the contract holder. This beneficiary will receive the benefits if the primary beneficiary has died at the time the benefit is to be paid.
What is the definition of supplemental insurance?
The definition of supplemental insurance is additional or extra insurance that you can get to help pay for out-of-pocket or services that your regular insurance will not pay for.
