Definition
Life insurance is a contract between an individual (the policyholder) and an insurance company, where the insurer promises to pay a designated beneficiary a sum of money (the death benefit) upon the death of the insured person. In exchange, the policyholder agrees to pay regular premiums to the insurance company.
Purpose
The primary purpose of life insurance is to provide financial protection and peace of mind to the policyholder and their beneficiaries.
Course Features
- Lectures 0
- Quizzes 0
- Duration 50 hours
- Skill level Beginner
- Language English
- Students 72
- Assessments Yes
Features
- Basics of Term Life Insurance
Target audiences
- Everyone
