Aon Corporation is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its 36 000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity ... More Details »
This is a variation on term insurance. In the case of universal life policies the life office undertakes to pay the greater of the sum insured or investment account upon the death of the life insured whenever that may take place. For conventional policies the sum insured (including bonuses, if applicable) is paid out. There are, however, a number of variations on the premium payment term, for premiums can be arranged to cease at a defined age or ...