Some Life Insurance Information: Kentucky
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.
| Shelters begin emptying after Hurricane Gustav |
| The whine of chain saws clearing downed trees served as a wakeup call Friday for residents across Louisiana as the cleanup from Hurricane Gustav _ and a return to normalcy _ continued. |
| Kentucky To Simplify KCHIP Application Process |
| Kentucky Gov. Steve Beshear and Lt. Gov. Dan Mongiardo this week are scheduled to make eight stops on a statewide tour to promote a plan designed to expand health coverage to more children under the Kentucky ... |
| Former Ohio Senate president to become Dinsmore lobbyist |
| Former Ohio Commerce Department Director Doug White has been hired as senior policy adviser for D&S Consulting LLC, the lobbying arm of Cincinnati's largest law firm, Dinsmore & Shohl LLP. |
| Storm Update: Shelters begin emptying after Hurricane Gustav |
| The whine of chain saws clearing downed trees served as a wakeup call for residents across Louisiana Friday as the cleanup from Hurricane Gustav - and a return to normalcy - continued. |
| Police chase ends in arrest |
| By Brad Hicks / Staff Writer A Knoxville, Tenn. man was arrested Wednesday after allegedly leading police on a high-speed pursuit that began after he was pulled over for driving too slow. |
| More Gustav government evacuees to begin returning |
| More New Orleans residents who were evacuated by the government as Hurricane Gustav approached began returning Friday. |
| Gustav and workers comp |
| There's an obvious connection between hurricanes and work comp - people get hurt while working, injuries that are covered by workers compensation. |
| National Storm Continues Recovery with Second Quarter Results |
| National Storm Management continued its track of improvement with the release of earnings for the quarter ended June 30, 2008. |
|
Welcome
