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Insurance is a contract in which an insurer indemnifies another against losses from specific contingencies and/or perils.| Investopedia
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A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured or annuitant dies. Learn about taxation and claiming.| Investopedia
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Before purchasing life insurance, it's important to decide if you really need it, what type of policy is best, and how much coverage you should get.| Investopedia
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Capital markets are venues where savings and investments are channeled between suppliers and those in need of capital. The best-known are the stock and bond markets.| Investopedia
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Inheritance refers to the assets a person leaves to others after they die. Read about inheritance taxes and the probate process.| Investopedia
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An insurance risk class has similar characteristics, which are used to determine the risks of underwriting a policy and the premium that should be charged.| Investopedia
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A preexisting condition is an illness or health condition that existed prior to applying for health or life insurance.| Investopedia