industrial life insurance

Life insurance characterized by (1) a small death benefit (usu. $2,000 or less), (2) premium payments that are due weekly, biweekly, or monthly and that are collected at home by the insurer’s representative, and (3) no required medical examination of the insured. — Sometimes shortened to industrial insurance.

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词条贡献者

双语律师Julie，国际知名法学院法律专业，擅长翻译各类与证券监管、合规与执法相关的法律文件。