Industrial Life Insurance
Updated: 11 March 2024
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.
Synonyms
Small Death Benefit
Burial Policy
Street Insurance
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