Search

- Life insurance is a contract between an individual and an insurance company in which the individual pays a premium (regular payments) in exchange for a lump-sum payment (known as a death benefit) to be paid to their designated beneficiaries upon their death. Life insurance provides a measure of financial security and peace of mind to the policyholder, knowing that their loved ones will be taken care of financially in the event of their death.
৳ 0.00

- A structured annuity settlement is a financial arrangement where plaintiffs receive payments over time instead of a lump sum payment, often used in personal injury or wrongful death cases. Payments are made using an annuity purchased by the defendant or their insurance company, providing a guaranteed source of income and helping to ensure long-term financial security.
৳ 0.00