Definitions
Wiktionary
- n. A legal document outlining a particular insurance cover for an insured entity for a given risk. For example; “BIFS Insurance” provides insurance policies.
GNU Webster's 1913
- n. a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.
WordNet 3.0
- n. written contract or certificate of insurance
Examples
“When your company offers you a health insurance policy as a company benefit, a nonoptional life insurance policy is normally included in the package, Including life insurance is one way an insurance company can add almost guaranteed profits since the mortality rate, or number of insured that will die each year in any large group of people covered by life insurance, is fairly predictable.”
“Substitute: your term life insurance policy and disability plan.”
“Sandy Richter, partner of Marshall, Forrester, Kellerman, and Hirsch, said he acted for an insurance company that had written an umbrella insurance policy for JJ.”
“Universal life is nothing more than a term life insurance policy coupled with an investment plan.”
““It seems this man took out a two-million-dollar life insurance policy last year.””
“On a term insurance policy the amount paid to your heirs is the death benefit, the same as in the whole life example above.”
“Deathswitch.com members first store important information, such as account numbers, passwords, insurance policy numbers, and last words on deathswitch.com.”
“The SDI was an insurance policy to guarantee that the Soviets kept the commitments Gorbachev and I were making at Reykjavik.”
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