What term is used to describe a company that sells both weekly premium life and health insurance, as well as ordinary life insurance?

The term "combination company" accurately describes an insurance company that offers both weekly premium life and health insurance products alongside ordinary life insurance. This classification applies to organizations that provide a diverse range of insurance products under one entity, thereby appealing to a broad customer base with varying insurance needs.

Combination companies typically cater to customers who prefer the flexibility of weekly premium payments for life and health coverage, while also delivering traditional life insurance policies that may be paid on a less frequent basis. The advantage of this approach is that such companies can streamline their operations and offerings, providing clients with a one-stop-shop for their insurance requirements.

Other terms, although related, do not specifically capture the dual nature of the services provided. A multi-line company usually implies a broader range of insurance products rather than focusing specifically on the combination of weekly premium and ordinary life insurance. A commercial health insurer specifically refers to companies primarily focusing on health insurance and does not encompass life insurance offerings. An insurance conglomerate typically refers to a large company that controls various insurance entities or diverse lines of insurance but does not specify the combination of weekly premium life and health insurance with ordinary life insurance.