Overview of Life Insurance

10 08 2009 Autor: Sherill

www.aegoninstitutional.com

Life insurance is basically a contract between an insurer company and the owner of the life insurance policy. The obligation of the insurer company is to pay a sum of money upon the death of a policy owner. On the other hand, the obligation of the policy owner is to pay a certain amount called premium. The premium may be paid either monthly, quarterly, or annually.
If the insured person died, the insurer company needs to pay a sum of money to the beneficiaries of the insured person which was already stipulated in the contract beforehand. Within each contract, there are also specific inclusions and exclusions that can be stipulated.

 Posted on: Monday, August 10, 2009 at 6:28 pm and is filed under the category Related Topics.
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