Life Settlement

Life Settlement,

Life Settlement:

  • 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

Life:

Meanings of Life:
  1. 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.

  2. The presence of humans or animals.

  3. The period between the birth and death of a living person, especially a person.

  4. Significance, power or energy.

  5. (In art) representing an article based on the original model and not the artist's imagination.

Sentences of Life
  1. The essence of life

  2. The catastrophe killed 266 Americans

  3. He has lived in this country all his life

  4. She is beautiful and full of life

  5. 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

Settlement:

Meanings of Settlement:
  1. Usually an uninhabited place where people form communities.

  2. An agreement in which the property is transferred to private ownership in a settlement agreement.

  3. The process or process of setting up an account.

  4. Minimize the property or structure built on it.

Sentences of Settlement
  1. The union reached a wage agreement

  2. Small town butterere

  3. If you make a significant contribution or payment and die within the next seven years, you will have to pay inheritance tax.

  4. Most providers offer prepaid discounts

  5. 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