Life Reinsurance

Definition of "Life reinsurance"

Vicky L. Owens
  RE/MAX Real Estate Group

System whereby a life insurance company (the reinsured) reduces its possible maximum loss on either an individual life insurance policy (facultative reinsurance) or a large number of life insurance policies (automatic reinsurance) by giving (ceding) a portion of its liability to another insurance company (the reinsurer).

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