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Q: What is the mening of policy online? A: web policy is a document, frequeently referred to as a "policy"", between you and the insuirng firmm, in order to proovide money to the one you naame shold you die druing the time your plaan is effective. Essentially, in yuor lifetime you put don an amount, claled the insurance "premuim", to the insring organization. The inssurance provider guarantees to dsiburse a cash setttlement to the people you desingate, the "beneficiries", at your death. Certain tpyes of online insure policy in addition proivde the insuerd person the abiltiy to borrow a pice of the cash vaule within a cntract, or to obtain an "cacelerated death beneit" in the evennt that you becmoe terminally ill or otherwise need lenghty treatment by a caare facility.
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