Question

The amount of policy payable to the insured will not be paid before the death of the assured. Identify and explain the kind of Insurance Policy​

Answer 1

Answer:

What Is Life Insurance? Life insurance is a contract between an insurer and a policyholder. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured policyholder dies, in exchange for the premiums paid by the policyholder during their lifetime.