What Role Does Reinsurance Play In Life Insurance?

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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    What role does reinsurance play in life insurance?  Reinsurance is a safety net used by insurance companies when a large face amount of coverage is purchased to spread the risk a bit among themselves and the reinsurer. They pay the reinsurance carrier for their risk and involvement in the policy. The insured usually doesn't know this is happening. Any claim would be paid through the primary carrier.
    Answered on May 14, 2013
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