Total life.The size of a life insurance company often is measured by the face amount of its portfolio, that is, the amount of life insurance it has issued that is in force. Issued measures the face amount of the portfolio of policies an insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. has sold within a given time period. WHAT DOES IT MEAN? IN FORCE is that time before a policy premium matures and must be paid out or the policy expires because the policyowner doesn't does·n't Contraction of does not. pay up. Top U.S. Writers [GRAPHIC OMITTED] [GRAPHIC OMITTED] |
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