Policy terms and definitions: You may see a separate section in your life insurance contract that breaks down terms and definitions, including death benefit, premium, beneficiary, and insurance age.

In an aleatory contract, the parties agree to perform a specific action after a certain, uncontrollable event. Learn how they are used for insurance and annuities.

Life insurance costs will vary significantly depending on the type of policy you buy and the coverage amount, but as an example, term life insurance costs an average of $12 a month for a healthy ...

A cash-value life insurance policy that is not a MEC is subject to first-in, first-out tax treatment. In other words, when you withdraw money from your life insurance policy, you are withdrawing ...

State-owned Citizens Property Insurance Corp. has angered the state’s organization of public adjusters by cutting them out of ...

We had previously touched on the insurance the club had taken out on Watson’s contract, and as Oyefusi reiterates, the insurance policy allowed Cleveland to obtain cap relief for 2024 after ...

The city’s insurance premiums will drop under a new liability insurance contract the City Council approved Monday. Under the contract, which was approved unanimously at a special meeting on the last ...

At its core, life insurance is a contract between you and the insurer that ensures a financial payout to your nominee in case ...

In the face of growing health care costs, many employers have turned to self-insured plans, where they assume the financial ...