Life Insurance Companies Use Binders

By Doresa Banning on November 11th, 2010

Question: What is a binder?

Answer: A binder is a legal agreement, issued either by an insurance company or agent, which provides temporary life insurance coverage for a specified time until a formal policy can be issued.

Get Free Life Insurance Quotes
Enter Zip code :
Featured Insurance Quote
Facebook 470 flares Google+
470 flares ×

We have made updates to our Privacy PolicyPrivacy Policy to reflect the implementation of the General Data Protection Regulation.