Life Insurance Policy - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RDMlfBHhw2Mfk0FBrVCQJY9

Label Life Insurance Policy

Preferred Label N/A

Identifier N/A

Alternative Labels

None

Definition

A life insurance policy is a contract between an insurance company and a policyholder that provides a financial payout to designated beneficiaries upon the death of the insured individual. The policy often requires the payment of regular premiums in exchange for the death benefit, and may include other features like investment growth or cash value.

Class Relationships

Sub Class Of

• Insurance Policy

Is Defined By

N/A

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available