Whois & Analysis for pacificlife.com

Life insurance (or life assurance, especially in the Commonwealth of Nations), is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.

The policy holder typically pays a premium, either regularly or as one lump sum.

Other expenses (such as funeral expenses) can also be included in the benefits.

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

While there is no legal definition of the term "mutual fund", it is most commonly applied to collective investment vehicles that are regulated and sold to the general public on a daily basis.

They are sometimes referred to as "investment companies" or "registered investment companies".

Hedge funds are not mutual funds; they cannot be sold to the general public and are subject to different government regulations.

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

A pension may be a "defined benefit plan" where a fixed sum is paid regularly to a person, or a "defined contribution plan" under which a fixed sum is invested and then becomes available at retirement age.

Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment prior to retirement.

A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive.

A life annuity is an insurance product typically sold or issued by life insurance companies.

Life annuities may be sold in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (flexible payment annuity), prior to the onset of the annuity.

To invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future.