insurance

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Related to Funeral insurance: life insurance, Burial Insurance

Insurance

Guarding against property loss or damage by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Insurance

A contract between a client and a provider whereby the client makes monthly payments, called premiums, in exchange for the promise that the provider will pay for certain expenses. For example, if one purchases health insurance, the provider will pay for (some of) the client's medical bills, if any. Likewise in life insurance, the provider will give the client's family a certain amount of money when the client dies. The insurance company spreads the risk of any one expense by pooling the premiums from many clients. See also: Takaful.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft of, personal and business assets (general insurance), and death and injury (life and accident insurance). Insurance may be obtained directly from an INSURANCE COMPANY or through an intermediary such as an INSURANCE BROKER/AGENT. In return for an insurance premium the person or firm obtains insurance cover against financial risks. See ASSURANCE, COST, INSURANCE AND FREIGHT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft of, personal and business assets (general insurance), and death and injury (life and accident insurance). Insurance may be obtained directly from an INSURANCE COMPANY or through an intermediary such as an INSURANCE BROKER/AGENT. In return for an insurance premium, the person or firm obtains insurance cover against financial risks. The term assurance is frequency used interchangeably with that of insurance to describe certain kinds of life insurance. See RISK AND UNCERTAINTY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

insurance

A commercial contract agreeing to compensate one for loss in the event of specifically named or described risks.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
One can take funeral insurance to cover members of their immediate family that is, spouse, children and even parents.
Their son, Brady, also works at the funeral home as the in-house Purple Cross funeral insurance agent.
U-Care also stands accused of contravening the amended Long-term Insurance Act by acting as a funeral insurance intermediary without approval from the Registrar of Long-term Insurance.
* A funeral insurance ad on my TV offers a Free Will Kit.
Of the respondents, 63 per cent had at least one funeral insurance policy, which made funeral insurance more common than burial societies.
As degrading an end as a pauper's grave was, it does not explain just how much funerals mattered and how this shaped the funeral insurance business.
And as I contemplate my insurance policies, I've just remembered that we now have funeral insurance. Benjamin Franklin was quoted as saying that, "The only things certain in life are death and taxes." But we can also add that the expiration and loss of encryption keys is also guaranteed.
"Any price increase, but especially so when it is forced, is of great concern to us, there is no doubt that people are struggling at the moment in today's economic climate and to be lumbered with added costs at such a sad time can have a detrimental effect on any family." A recent survey from the Post Office, which offers a funeral insurance payment plan, showed that 73% of the Welsh population has no financial funeral provisions put in place.
Iddirs, indigenous funeral societies, have proven adaptive and responsive and provide the bulk of the urban population and rural-urban migrants with funeral insurance. In rural and urban areas, most people subscribe to these societies, and the societies have provided a source of credit to members in times of real need.
In an attempt to complete a financial turnaround, ACA Assurance of Manchester has announced a 12 percent cut in potential payouts on pre-paid funeral insurance policies, and it will stop issuing new policies.
The data, covering all Swedish sick and funeral insurance societies (2) from 1892 to 1910, were compiled as a result of the 1891 Law of Registered Sick Insurance Societies offering an administration subsidy to all insurance societies that freely registered with the government.
Two $330 million deals hold the next spots on the list, the first involving Batesville-based Hillenbrand Industries, maker of health-care equipment and caskets and provider of funeral insurance. Hillenbrand agreed in October to acquire New Jersey-based Mediq Inc., a privately held company involved in medical-equipment outsourcing, asset management and peak-needs rentals to hospitals, extended care and home medical equipment makers.