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Life insurance companies

• Federally-regulated financial institutions that invest premiums from life insurance policyholders to ensure sufficient funds are available to pay out the stated value of life insurance upon the death of the policyholder.

 
 Embedded terms in definition
 Financial institution
Life insurance
Out
Stated value
 
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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