Animal Mortality Insurance

  

Ready for the definition of a financial term that might trigger deeply buried memories of your dearly departed childhood pet? Ever seen Old Yeller or Marley & Me?

You’ve been warned...

Animal mortality insurance pays off in the event that an animal covered under the plan dies. Despite what our earlier warnings probably imply, the insurance isn't meant for family pets. Instead, people or businesses buy it when their finances rely on an animal's health.

This includes farmers covering things like cows or chickens, or horse breeders involved in racing, or the Phoenix zoo trying to keep its polar bears alive in middle of summer. Or the people who actually provided dogs to make the movies Old Yeller and Marley & Me...

Find other enlightening terms in Shmoop Finance Genius Bar(f)