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.