What is life insurance?

  • Richard Reich

Life insurance is a legal contract (policy) between you (the insured) and an insurance company (the insurer). In the contract, you agree to pay a fee to the insurance company, either periodically (monthly, quarterly, semi-annually or annually) or in a lump sum. In return, the insurance company agrees to pay a sum of money (face amount or death benefit) to a person (or persons) or entity (e.g. a trust) you designate in the contract as the policy’s beneficiary (provided the policy is in force at the time of death).

Term Life Insurance Quotes

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Intramark Insurance Services

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  • Intramark Insurance Services, Inc., Insurance Services, Glendale, CA
  • Intramark Insurance Services, Inc.