Liabilities: Life Insurance Companies


Definition of "Liabilities: life insurance companies"

The Touchstone Real Estate  Group real estate agent
The Touchstone Real Estate Group, Real Estate Agent Touchstone Real Estate Group

Future benefits to be paid to the policyholders and beneficiaries, assigned surpluses, and miscellaneous debts. These primary liabilities take the form of reserves, which must be listed on the company's balance sheet as part of the liabilities section. The valuation of a company's reserves, which guarantee that funds will be available to meet its liabilities, is strictly regulated by the state insurance departments. Life insurance company liabilities also include cash surrender values of its policies and annuities.

 

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