Definition: Global insurance life is a term that refers to a type of insurance policy where the insured is defined as an individual or corporation, rather than as an entire business enterprise. The term "insurance life" refers to a person who has been actively engaged in insurance activities for at least 1 year prior to the application for insurance policies. The definition of 'global insurance life' can be further expanded by adding several factors. Firstly, it involves individuals or corporations that are not confined to any particular country or region; this includes individuals and companies operating within a single country or industry. Secondly, the term is not limited to life but encompasses all types of insurance policies including health, property, and liability policies. Additionally, the policyholder's status can be determined by the nature of their work, business activities, and relationships with other parties. Finally, it does not require that the insured be a resident or domiciled in any particular country. In summary, 'global insurance life' refers to individuals or corporations who are actively engaged in insurance activities for at least 1 year prior to application for insurance policies.

global insurance life

Definition: Global insurance life insurance refers to a type of insurance where the policyholder owns or has access to a worldwide network of agents, brokers, or agents who can offer policies tailored specifically to their needs and requirements, while ensuring that their personal information remains private and secure. The term is typically used in the context of online financial services like platforms like e-Bay or eBay, where sellers post advertisements for their products or services. This type of insurance covers things like goods or services purchased online, including those from overseas sellers who offer similar products through a marketplace such as eBay. The policyholder pays a small fee to cover potential risks associated with the foreign sale. The definition of "global" in this context refers to the world-wide network of agents and brokers that offer policies. This can include countries or regions where the insurance is offered, but it does not necessarily mean that all foreign sellers are included or covered by the policy. In summary, "Global Insurance Life Insurance" refers to an online financial service offering to customers with a worldwide network of agents who can provide tailored policies for personal and business needs. The fee charged by the customer is typically paid through a small amount that covers potential risks associated with the foreign sale.

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