Definition: The word "sunlife life insurance company" refers to an insurance company that offers policies specifically designed for individuals who have a specific condition, like sunburn or a skin cancer, as a secondary benefit or addition coverage. The term "life insurance company" typically refers to a financial institution or company that sells life insurance policies and is responsible for making payments under the policy once the death of the insured person has occurred. The primary objective of a life insurance company in the context of selling life insurance plans is to provide financial protection by investing money on behalf of the insured individual. In addition, they may offer additional benefits such as health maintenance organizations (HMOs), cash value policies, or supplemental forms of life insurance, depending on the policyholder's needs. The "life insurance company" concept is used in many different fields and industries to describe companies that sell life insurance products, including healthcare coverage for people who need it due to a chronic condition like cancer or sunburn.
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