Free Life Insurance
Insurance is the equitable transfer of the risk of a loss, from one entity to another for a fee. It is a form of management risk primarily used to hedge against the risk of a contingent, uncertain loss.
An insurer or an insurance company, is a company that sells insurance; the insured or the policyholder, is the physical or legal person purchasing the insurance policy. The amount to be charged for a certain amount of insurance is called the premium. Risk, the practice of evaluation and control of risk management, has evolved as a distinct field of study and practice.
The
is transaction on the insured assuming a relatively small loss
guaranteed and known as a payment to the insurer in exchange for the
promise of the insurer to compensate (indemnify) in the case of a
(personal) financial loss. The insured receives a
contract, called the insurance policy, which describes in detail the
conditions and the circumstances in which the insured is compensated
financially.
