Life Insurance Essay by The Research Group

Life Insurance
Looking at its purposes (family, estate & business needs), types (term, whole life), benefits and the future of the insurance industry.
# 13943 | 2,700 words | 9 sources | 1999 | US
Published on Feb 23, 2003 in Business (Industries) , Business (General)

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From the Paper:

The insurance industry in the United States is one of the largest of all financial services. In 1994, Prudential's revenues (the largest of the American insurers) exceeded $313 billion, with a number of other companies having revenues in excess of $100 billion (Vogel 3). The concept of insurance is not unique to the American economy, but Americans have come to the point where insurance is issued for a variety of events and potential events unrivaled by other countries, particularly in the area of life insurance. Two types of life insurance are typically available in the United States: term and whole life. This research examines the differences between these types of insurance, considerations which cause consumers to favor one or the other type (based on their financial situation), and ways in which both are used by .."

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