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According to Eckler, the longest words likely to be encountered in general text are deinstitutionalization and counterrevolutionaries, with 22 letters each. [17] A computer study of over a million samples of normal English prose found that the longest word one is likely to encounter on an everyday basis is uncharacteristically, at 20 letters. [18]
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
From technical to whimsical, prepare for your vocabulary to be stretched with 20 of the longest words in English. Plus, find out what they mean. Related: 55 Examples of Onomatopoeia
Variable annuities have features of both life insurance and investment products. [4] In the U.S., annuity insurance may be issued only by life insurance companies, although private annuity contracts may be arranged between willing parties although typically the intent of these is to reduce taxes. Insurance companies are regulated by the states ...
An intriguing aspect of life insurance, especially within whole life policies, is the concept of limited-pay life insurance. This variation allows for a more accelerated premium payment schedule ...
Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (e.g. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (e.g. in a fire insurance policy, whether or not a fire will occur at all). [4]
Term life insurance: Term life insurance is generally the cheapest kind of life insurance. It provides coverage over a specific term period, usually between 10 and 30 years.
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