business life insurance

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • business life insurance — noun 1. : insurance on the life of a member of a partnership or upon an officer or stockholder in a corporation payable so as to finance purchase by surviving owners of the insured s interest at his death 2. : insurance on the life of a sole… …   Useful english dictionary

  • Business Continuation Insurance — Life insurance that a company or firm purchases to provide the funds necessary to continue business and cover the losses incurred in the event of the untimely death or disablement of someone critical to the business. This may be an owner, partner …   Investment dictionary

  • Life insurance in India — Life Insurance is the fastest growing sector in India since 2000 as Government allowed Private players and FDI up to 26%. Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life… …   Wikipedia

  • life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …   Law dictionary

  • business life and health insurance — ➔ insurance * * * business life and health insurance UK US noun [U] (also key person insurance) ► INSURANCE insurance taken out by a company to protect against loss of income caused by the death or illness of an owner or important employee …   Financial and business terms

  • Life insurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

  • Life Insurance Corporation of India — Infobox Company company name = Life Insurance Corporation of India company company type = Government owned corporation foundation = September 1, 1956 location = Headquarters in Mumbai, India (Various other locations in India and abroad) key… …   Wikipedia

  • Life Insurance Settlement Association — Founded in 1995, LISA is America s oldest, largest and most widely recognized trade association in the life settlement industry, participating in legislative and regulatory matters in all 50 states, Puerto Rico and Canada. Comprised of over 180… …   Wikipedia

  • Life Insurance — A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The goal of life insurance is to… …   Investment dictionary

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