[Verse 1]. [Ryan:]. It's hard to believe. That I couldn't see. [Together:]. You were always there beside me. Thought I was alone. With no one to hold. But you were always right beside me.[Sharpay:].Verse 1]. [Ryan:]. It's hard to believe. That I couldn't see. [Together:]. You were always there beside me. Thought I was alone. With no one to hold. But you were always right beside me. [Sharpay:].
Definition of insurance for Students. 1  1 : an agreement by which a person pays a company and the company promises to pay money if the person becomes injured or dies or to pay for the value of property lost or damaged. 2  2 : the amount for which something is insured. 3  3 : the business of insuring persons or property.
A life insurance policy, at heart, is a contract between the insured and the life insurance company. When an insured person dies, the life insurance company is bound to pay a death claim to the beneficiaries. The insured is the person who the life insurance contract is underwritten on, and whose death triggers a claim. Insured And Owner Can Be Same Person. The insured and the owner of the life insurance policy are often the same person.