“in England they call life insurance life assurance”
- Synonyms:
- life insurance
- Types:
-
endowment insurance
life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
-
tontine, tontine insurance
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
-
ordinary life insurance, straight life insurance, whole life insurance
insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
- Type of:
-
insurance
promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
