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Our Glossary of life insurance terms
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Misc
Indemnify
To hold blameless a third party and to compensate for
loss.
In life insurance, the insurer agrees to pay the beneficiaries a
specified sum (death benefit) to indemnify them for the financial loss
resulting from the death of the insured.
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Life-Ins.co.uk
45 Market Street
Wirral
Cheshire
CH47 2BQ
Tel 0800 083 60 50
Fax 0151 632 2117
email:
info@life-ins.co.uk
Office Hours
9am - 5pm
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