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2. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   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.

3. What happens if you lie on your life insurance application? - AOL

   www.aol.com/finance/happens-lie-life-insurance...

   Discover what happens if you’re not honest on your life insurance application.

4. Insurance policy - Wikipedia

   en.wikipedia.org/wiki/Insurance_policy

   In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

5. Private placement life insurance - Wikipedia

   en.wikipedia.org/wiki/Private_placement_life...

   In essence you can buy a hedge fund inside an insurance policy and the value will grow tax-free and upon death the cash value of the policy passes to heirs tax-free. See also Private Placement Variable Annuities. By comparison, private placement life insurance is offered without a formal securities registration. The advantage with this approach ...

6. Can you take a life insurance policy out on anyone?

   www.aol.com/finance/life-insurance-policy-anyone...

   To take out a life insurance policy on someone other than yourself, you must have a financial stake in their life. It is impossible to take out a life insurance policy against an ailing public ...

7. Corporate-owned life insurance - Wikipedia

   en.wikipedia.org/wiki/Corporate-owned_life_insurance

   Although the 4 out of 7 test was exploited in the 1980s by businesses seeking to in effect pay for insurance on employees/shareholders, e.g., on a deductible basis, the introduction of the US$50,000 cap/insured in 1986 in turn led to the creation of broad-based leveraged COLI transactions, i.e., those in which the employer would purchase life ...