Question

what is life insurance contract​

Answer 1

Answer:

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner.

Answer 2

Explanation:

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner...

TYPES OF LIFE INSURANCE:--

There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and there are variations within each type...

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