Definition: Global insurance life insurance refers to a type of insurance where the policyholder owns or has access to a worldwide network of agents, brokers, or agents who can offer policies tailored specifically to their needs and requirements, while ensuring that their personal information remains private and secure. The term is typically used in the context of online financial services like platforms like e-Bay or eBay, where sellers post advertisements for their products or services. This type of insurance covers things like goods or services purchased online, including those from overseas sellers who offer similar products through a marketplace such as eBay. The policyholder pays a small fee to cover potential risks associated with the foreign sale. The definition of "global" in this context refers to the world-wide network of agents and brokers that offer policies. This can include countries or regions where the insurance is offered, but it does not necessarily mean that all foreign sellers are included or covered by the policy. In summary, "Global Insurance Life Insurance" refers to an online financial service offering to customers with a worldwide network of agents who can provide tailored policies for personal and business needs. The fee charged by the customer is typically paid through a small amount that covers potential risks associated with the foreign sale.
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