noun
1.
A Policy is the contract between the insurer and the insured (the policyholder), detailing the rights and responsibilities of both parties. The Policy outlines pertinent information about covered Risks, Premiums, Deductibles involved, as well as other relevant details.
Life insurance can be part of a sound financial strategy for people in their 60s and 70s as well.
If you just recently married, then it may be time to take another look at your insurance policies to see where you can save money.
Whether you have life insurance through your work or are retired it pays to know the truth about life insurance coverage.