life insurance company is a type of financial intermediary that shares the financial risk of untimely death among its participants. The participants buy policies for which they pay stated, periodic premiums and are guaranteed a minimum payment to designated beneficiaries at the time of the policyholder's death. Policyholders may also use their policies to build up cash savings.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). life insurance company. Retrieved October 1, 2026, from http://smartdefine.org/life_insurance_company/definitions/1157192 |
| Chicago | Barry Goldsmith. 2010. "life insurance company" http://smartdefine.org/life_insurance_company/definitions/1157192 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, life insurance company, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/life_insurance_company/definitions/1157192>. |
| MLA | Barry Goldsmith. "life insurance company" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/life_insurance_company/definitions/1157192> |