Industrial Life Insurance

Definition - What does Industrial Life Insurance mean?

Industrial life insurance is a type of life insurance that is commonly sold to industrial workers, and which carries a face value that is considerably lower than other types of life insurance.

Insuranceopedia explains Industrial Life Insurance

Industrial life insurance premiums are paid on either a weekly or a monthly basis. Generally, the face values of industrial life insurance policies are no more than $10,000. This is considerably lower than other types of life insurance policies, which typically have face values of hundreds of thousands. Industrial life insurance is a good option for people who want some life insurance but cannot afford to pay high premiums.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.