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 Advance insurance life 

Definition

An advance Insurance life is the loan by the insurer with ensured of a part of the accumulated provision.

Description

The payments (premiums) of a policy-holder on an Insurance life constitute a provision, called "mathematical provision". The policy-holder can ask the insurer to obtain in return, before the term of his contract, a part of his provision: it is the advance Insurance life

Author

Md.khurshed Alam

Author Email

mk_alamcce@yahoo.com

References

Advanced Life Insurance
Advance Insurance Company of KS
Exploring Advanced Insurance Contract Fundamentals

Definitions to be consulted

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