A formal writing style is not necessarily âbetterâ than an informal style, rather each style serves a different purpose and care should be taken in choosing which style to use in each case.
insured contract. A term used to specify the limit of contractual liability coverage. This term can refer to lease agreements, easement agreements, and any other agreement that relates to the insured's business.
In the United States, an annuity is a contractually executed, relatively low-risk investment product, where the insured pays a life insurance company a lump-sum premium at the start of the contract. That money is to be paid back to the insured in fixed, incremental amounts, over some future period. The insurer invests the premium; the resulting profit/return on investment funds the payments received by the insured and compensate the insurer. Conventional annuity contracts provide a predictable,