Advertisement

Industrial Life Insurance

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.

Advertisement

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.

Advertisement

Synonyms

Small Death Benefit, Burial Policy, Street Insurance

Share this Term

  • Facebook
  • LinkedIn
  • Twitter

Related Reading

Tags

InsuranceLife InsurancePersonal LinesPersonal

Trending Articles

Go back to top