BNET Business Dictionary
Business Definition for: Life Insurance
- insurance that pays a specified sum to the insured person's beneficiaries after the person's death.
- U.K. term Life Assurance
- Also known as Life Cover
Additional Resources
- Life Insurance and Annuities: Is AARP Looking Out for You?
- We analyze whether the giant organization's senior-focused life insurance and annuities are worth buying. Life insurance and annuities offer...
- Articles 2009-08-05
- Whole life insurance
- "Whole life insurance is also called ordinary or straight life insurance. With whole life insurance, you pay a level premium over the life of the policy. The amount of your death benefit is also fixed. Similar to other forms of permanent life insurance, whole life insurance builds up cash...
- White papers 2003-09-08
- Hybrid life insurance
- Hybrid life insurance combines different types of life insurance. The major type of hybrid life insurance is variable universal life insurance. Variable universal life insurance combines features of variable life and universal life insurance. You can pay flexible premiums and modify the death benefit to suit your insurance needs. The...
- White papers 2003-09-08
- SUN LIFE EVERBRIGHT LIFE INSURANCE OPENS BRANCH IN WENZHOU
- AsiaInfo Services 01-04-2006 Sun Life Everbright Life Insurance Opens Branch in Wenzhou WENZHOU, Jan 04, 2006 SinoCast via COMTEX -- Sun Life Everbright Life Insurance Co., Ltd., a Sino-foreign life insurance joint venture, opened its branch AsiaInfo Services ...
- Research articles 2006-01-04
- Life Insurance: Life Insurance Quote - Life Insurance Agency
- This paper explains some of the basic types of life insurance available. Term Life Insurance is also usually the least expensive. You purchase coverage for a specific price for a specified period. If you die during that time, your beneficiary receives the value of the policy. There is no investment...
- White papers 2009-01-01
- Guardian And Berkshire Agree To Merge.(Guardian Life Insurance Co.; Berkshire Life Insurance Co.)(Brief Article)
- Two venerable mutual life insurance companies, Guardian Life Insurance Company of America, New York, and Berkshire Life Insurance Company, Pittsfield, Mass., both more than 100 years old, have agreed to merge in a deal that will give them more clout Two venerable mutual life insurance...
- Research articles 2000-09-11
- Whole life goes limited-pay.(Life)(New York Life Insurance Co introduces custom whole life Insurance)(Brief article)
- New York Life Insurance Co. has created a whole life product that allows buyers to decide at purchase how long they want to pay premiums. Custom Whole Life Insurance provides the benefits of the whole-life ... New York Life Insurance Co. has created a whole life...
- Research articles 2006-10-01
- Guardian Buys Two Liberty National Units.(Guardian Life Insurance Co. of America; Family Service Life Insurance Co.; Sentinel American Life Insurance Co.)
- Guardian Life Insurance Company of America said it has acquired all the outstanding stock of Family Service Life Insurance Company and Sentinel American Life Insurance Company through its Park Avenue Life Insurance Company subsidiary. The purchase price was $134 million, Guardian said. Both Family Service...
- Research articles 1998-06-08
- MetLife solidifies position as No. 1 group life insurer.(News)(Metropolitan Life Insurance Co.)
- Byline: JUDY GREENWALD NEW YORK-New York-based Metropolitan Life Insurance Co. has agreed to purchase Boston-based John Hancock Life Insurance Co.'s group life insurance business for an undisclosed amount, in a transaction expected to close later Byline: JUDY GREENWALD NEW...
- Research articles 2003-06-30
- Cos. granted waivers for life policy noncompliance.(life insurance companies)
- Life insurance companies that could not comply with Section 7702 of the Internal Revenue Code IRS requiring life insurance policies to meet one of two alternative tests may be granted waivers by the IRS. Many life insurance companies offering universal Life insurance companies that could not comply with Section 7702...
- Research articles 1996-08-12
- Met assumes National Heritage policies. (Metropolitan Life Insurance Co., National Heritage Life Insurance Co.)
- Metropolitan Life Insurance Co. is acquiring more than 24,000 life insurance policies and annuity contracts from insolvent National Heritage Life Insurance Co. The National Organization of Life and Health Insurance Guaranty Associations is contributing $402 million towards the acquisition. The policies are the only assets being transferred, of which 95%...
- Research articles 1996-03-11
- Schwab targets direct sales of low-load life ins.(Charles Schwab and Co. creates SchwabLife Insurance Services to sell life insurance wholesale)
- Charles Schwab and Company Inc has created SchwabLife Insurance Services to sell wholesale low-load life insurance policies. The service will sell universal life contracts, survivorship universal life contracts, and 10-year-term life contracts, with minimum face values of $100,000. Great-West Life and Annuity Insurance Co developed all three products, and more...
- Research articles 1996-04-29
- Hancock intends to market new VUL along with VWL.(John Hancock Variable Life Insurance Co., variable universal life insurance, variable whole life insurance)(Product Announcement)
- John Hancock Variable Life Insurance Co is introducing a new variable universal life insurance VUL contract called Medallion VL alongside an updated version of its old variable whole life insurance VWL contract, Flex V. Currently, VUL represents 10% of the life insurer's total variable life insurance VL sales, but John...
- Research articles 1995-08-28
- Indianapolis Life's Bankers purchase to broaden scope.(Indianapolis Life Insurance Co., Bankers Life Insurance Company of New York)
- Indianapolis Life Insurance Co plans to complete its acquisition of Bankers Life Insurance Company of New York from Southwestern Life Insurance Co by June 1995. The acquisition will bring Indianapolis Life's total assets to about $1.6 bil and will expand the insurer's universal life product line. Bankers Life has $200...
- Research articles 1995-05-01
- Life Products Division of Digital Insurance, American Life Insurance Company of New York Partner to Provide Instant Term Life Insurance Coverage Online
- Business Editors HOUSTON--BUSINESS WIRE--May 7, 2001 The Digital Insurance Life Products Division, an insurance product and management software provider for financial institutions and field agents, has added Instant Issue Term life insurance to its existing product offering. The new immediate coverage option is available through a partnership with...
- Research articles 2001-05-07
- World Insurance in 2000: Another Boom Year for Life Insurance
- The following study examines the global development of premium volume written by life and non-life insurers in 144 countries. In short, insurance companies wrote USD 2443.7 billion in premiums worldwide in 2000. Of the total, USD 1521.3 billion was generated by life business and USD 922.4 billion by non-life business,...
- White papers 2002-01-30
- Pru To Help Insolvent Kyoei Life Reorganize.(Prudential Life Insurance Company of America)(Kyoei Life Insurance Co.)(Brief Article)
- Prudential Life Insurance Company of America received approval from a Tokyo local court on Oct. 23 to be the sole business sponsor of Kyoei Life Insurance Company. Japan's 11th largest life insurer, with $42.6 billion in liabilities ([yen]4.6 trillio Prudential Life Insurance Company of America received...
- Research articles 2000-11-06
- Transamerica Occidental Life Insurance Co.(Insurance Online Network)(Brief Article)
- Transamerica Occidental Life Insurance Co. now provides online term insurance quotes through the Insurance Online Network. Participating institutions have access to term insurance quotes from ... Transamerica Occidental Life Insurance Co. now provides online term insurance quotes through the Insurance Online Network. Participating institutions have...
- Research articles 2005-11-01
- Crisis in the Capital Markets Impacts German Life Insurance Companies
- The German life insurance market is broken down into two components — risk life insurance, which provides coverage in the case of death or injury, and capital life insurance, which operates like an interest-generating savings account to be used for retirement. In the past, insurers offered capital life insurance plans...
- White papers 2002-10-02
- AEGON N.V. - AEGON and Sony Life to establish life insurance company.
- The Hague / Tokyo, January 25, 2007 AEGON and Sony Life to establish life insurance company in Japan AEGON N.V. ("AEGON") and Sony Life Insurance Co., Ltd. ("Sony Life") today announce their intention to establish a life insur The Hague / Tokyo,...
- Research articles 2007-01-25
