INSURANCE

an agreement – by one party (the insurer) to provide another party (the insured) – to provide some benefit in the event of the insured party’s loss/injury/death/etc. In order to receive this coverage/protection, the insured party agrees to pay the insurer (either with money; consideration; or something else).

Congratulations! You're now Froogled Up™ on what "Insurance" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com