Legal Definition life insurance noun : insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance — ordinary life insurance : whole life insurance in this entry — straight life insurance : whole life insurance in ...
Definition of life insurance noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Define life insurance. life insurance synonyms, life insurance pronunciation, life insurance translation, English dictionary definition of life insurance. n. Insurance that guarantees a specific sum of money to a designated beneficiary upon the death of
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Definition of Life-insurance in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Life-insurance? Meaning of Life-insurance as a finance term. What does Life-insurance mean in finance?
Define Life Insurance Act. means the Life Insurance Act 2000 (as amended from time to time) including the regulations and prudential standards made under this Act;
policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on...
The meaning of WHOLE LIFE INSURANCE is a type of life insurance that costs the same as long as the insured person is alive and that pays benefits to survivors when the person has died.
Definition Whole life insurance provides coverage throughout the life of the insured person. What Is Whole Life Insurance? Whole life insurance provides coverage throughout the life of the insured person. In addition to paying a tax-free death benefit, whole life insurance also contains a savings...
Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit.