Life Settlement can be defined as, A lifetime contract is the sale of an existing insurance policy to a third party for an existing cash payment. Payment is more than cash but less than the real benefit of death. After the sale, the buyer becomes the recipient of the contract and pays the premium. If the insured dies, you will have the benefit of sudden death.
- A lifetime contract is the sale of an existing insurance policy to a third party for an existing cash payment.
- Payment is more than cash but less than the real benefit of death.
- The buyer of the policy becomes the heir and pays the premium and if the policyholder dies, he gets the benefit of death.
- Some of the reasons people choose a life plan are retirement, expensive premiums and emergencies.
Literal Meanings of Life Settlement
Meanings of Life:
A state that distinguishes animals and plants from non-essential substances, including growth, reproduction, active activity, and the ability to make permanent changes before death.
The presence of humans or animals.
The period between the birth and death of a living person, especially a person.
Significance, power or energy.
(In art) representing an article based on the original model and not the artist's imagination.
Sentences of Life
The essence of life
The catastrophe killed 266 Americans
He has lived in this country all his life
She is beautiful and full of life
Pose and clothes inspired by life
Synonyms of Life
dash, zest, duration of life, animateness, colour, sparkle, energy, time on earth, mortal, human being, living, brio, high spirits, threescore years and ten, individual, push, vitality, aliveness, days, gusto, creature, spiritedness, bounce, drive, liveliness, buoyancy, person
Meanings of Settlement:
Usually an uninhabited place where people form communities.
An agreement in which the property is transferred to private ownership in a settlement agreement.
The process or process of setting up an account.
Minimize the property or structure built on it.
Sentences of Settlement
The union reached a wage agreement
Small town butterere
If you make a significant contribution or payment and die within the next seven years, you will have to pay inheritance tax.
Most providers offer prepaid discounts
The cracked exterior wall needs to be replaced
Synonyms of Settlement
settling, liquidation, satisfaction, settling up, payment, discharge, resolution, encampment, agreement, defrayal, bargain, outpost, pact, community, clearance, colony, arrangement, deal, clearing, understanding, accommodation