Life insurance Meaning, Definition & Usage
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noun insurance paid to named beneficiaries when the insured person dies
life assurance.
- in England they call life insurance life assurance
WordNet
Definitions
- the act or system of insuring against death; a contract by which the insurer undertakes, in consideration of the payment of a premium (usually at stated periods), to pay a stipulated sum in the event of the death of the insured or of a third person in whose life the insured has an interest.
Definitions
- . See under
Life .