Some Life Insurance Information: Florida
Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the policy owner's death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals.
As with most insurance polices, life assurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. To be a life policy the insured event must be based upon life (or lives) of the people named in the policy.
Insured events that may be covered include:
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.
Life based contracts tend to fall into two major categories:
- Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment.
- Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums.
| Changing Newspaper Industry The Focus At P.W. Chamber Lunch |
| Palm Beach Post publisher Doug Franklin and Fountains Country Club official Stan Wishnoff."> Palms West Chamber of Commerce Executive Director Jaene Miranda recognizes Palm Beach Post publisher Doug Franklin ... |
| Heshmati's work recognized |
| Dr. Heidar Heshmati stood in the empty front lobby of the medical building that soon will bear his name. |
| New lender rules on 'buy-and-bail' to help, and hurt |
| A crackdown by mortgage lenders on a fraudulent practice known as "buy-and-bail" could make it more difficult for law-abiding homeowners to take advantage of today's depressed market. |
| McCain 48, and Obama 46 In The Ohio Newspaper Poll |
| With 25 days remaining until Election Day, the economic crisis is on the minds of many Ohioans and the presidential race is in a dead heat in Ohio-McCain with 48 percent to Obama's 46 percent, according to the ... |
| Two More U.S. Banks Fail |
| State regulators closed two small banks late Friday, bringing this year's total of failed U.S. institutions to 15. |
| Fresh faces spark Rangers to 3-0 start |
| A few thoughts as we celebrate a night full of saves, scoring and shootouts: Newcomers shine Madison Square Garden faithful, meet Wade Redden , Aaron Voros and Nikolai Zherdev . |
| Matsuzaka sinks Tampa Bay |
| Sydney's Grant Balfour pitches in for the Tampa Bay against the Boston Red Sox during their clash on Friday. |
| T.S. Fay recovery requests decline, deadlines loom |
| Six weeks after Tropical Storm Fay swamped portions of the state with record rainfalls, recovery officials report a decline in new registrations and applicant visits to Disaster Recovery Centers. |
|
Welcome
