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What is non indemnity insurance?

Non-indemnity insurance is a type of insurance policy that does not provide compensation for loss or damage in the traditional sense. Instead, it offers benefits that are predefined, such as life insurance payouts or fixed amounts for specific events, regardless of the actual loss incurred. This contrasts with indemnity insurance, which aims to restore the insured to their original financial position after a loss. Non-indemnity insurance often serves to provide certainty in financial planning, especially for events like death or critical illness.


What is the difference between a life estate and a life lease?

what is the difference between a life lease and a life estate


How can second life provide value to businesses that use it?

Second Life offers businesses a unique platform for immersive marketing and branding experiences, allowing them to engage customers in a virtual environment. Companies can create interactive storefronts, host events, and collaborate with users in real-time, fostering community and loyalty. Additionally, it provides valuable insights into consumer behavior through virtual interactions, enabling businesses to refine their strategies. Overall, the platform enhances brand visibility and can drive innovation in customer engagement.


Which companies provide whole life insurance?

There are quite a few companies that offer whole life insurance. New York Life, Met Life, and Gerber Life are a few reputable companies that does business in this area.


Who are the competitors in direct life insurance?

Direct life insurance is offered through several mediums - commericals with a phone number to call, through the mail, and on the internet. There are several life insurance companies that provide direct life insurance through any one or all of the mediums listed above. Some direct life insurance writers include the following: RBC Insurance, HSBC Insurance, Liberty Life Insurance, Garden State Life, Colonial Penn, Gerber Life, Stonebridge Life Insurance and Guaranty Trust Life Insurance.