AllLife offers whole, pure-risk life and disability insurance products. Pure-risk means that our products do not include a savings element, and do not offer a surrender value at the end of the term or upon termination of the policy. We do not provide investment, savings, or medical insurance products. Three broad categories of life and disability insurance are offered by AllLife: Loan protection insurance. Whole life insurance products provide cover indefinitely (for the whole term of your life), or until such time as you elect to cancel the policy or stop paying your monthly premiums. Whole life insurance products may provide you with additional peace of mind that your life insurance cover...
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Method by which large groups of individuals equalize the burden of financial loss from death by distributing funds to the beneficiaries of those who die. Life insurance is most developed in wealthy countries, where it has become a major channel of saving and investing. There are three basic types of life-insurance contract. Term insurance is issued for a specified number of years; protection expires at the end of the period and there is no cash value remaining. Whole-life contracts run for the whole of the insured's life and also accumulate a cash value, which is paid when the contract matures or is surrendered; the cash value is less than the policy's face value. Endowment...
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Policyholder Information Company Overview New Jersey Life Insurance Company's territory consisted of 47 states, the District of Columbia, and Puerto Rico. Its offerings concentrated on premium whole life insurance products. In 1993, the company was issued an order of liquidation. The state life and health insurance guaranty associations helped arrange for American General Life Insurance Company to assume the company's policyholder liabilities the same year. Policy...
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Partners Life Shaking up the life insurance market, Partners Life set up in New Zealand in 2010. Founded by management who had been involved in two previous insurance start-ups in New Zealand (Sovereign and OnePath) who saw a gap in the market place for a new and innovative life insurance company. Partners Life offer the full range of life insurance products both for the protection of families and businesses in New Zealand. Their risk products include; life insurance, income protection insurance, medical insurance, disability insurance, trauma insurance and business risk insurance. The name “Partners Life” shows their philosophy in sharing the value they create with all stakeholders,...
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