What does Estate mean? Read on to discover the definition & meaning of the term Estate - to help you better understand the language used in insurance policies.
An estate is the total collection of items of value that belong to a person. It is what they pass onto to their beneficiaries when they die. In the context of Insurance, life insurance is commonly used in estate planning, and it is often part of the estate that a decedent passes onto a beneficiary.
We hope the you have a better understanding of the meaning of Estate.