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Life Insurance & Zambia

Investopedia describes life insurance as “protection against financial loss that would result from the premature death of an insured. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration for premium payments made by the insured.”

Financial Jargon Made Simple, Insurance

Financial Jargon Made Simple – Insurance Premium

Investopedia describes insurance premiums as the specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time. Simply, it is the amount of money that you pay in order for your insurance to remain active. This could be a monthly, quarterly, bi annual