Industrial Life Insurance

What Does Industrial Life Insurance Mean?

Industrial life insurance is a type of life insurance commonly sold to industrial workers, featuring a face value that is significantly lower than that of other types of life insurance.

Insuranceopedia Explains Industrial Life Insurance

Premiums for industrial life insurance are typically paid on a weekly or monthly basis. The face values of these policies are generally capped at $10,000, which is much lower than those of other life insurance policies, which often have face values in the hundreds of thousands. Industrial life insurance is a suitable option for individuals who want life insurance coverage but cannot afford higher premiums.