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
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
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
Pronunciation
US
/ˌlaɪf ɪnˈʃʊrəns/
UK
/laɪf ɪnˈʃʊərəns/
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Do the words savings and income interest you? Then you'll profit from learning these personal finance terms. Review credit, stocks and bonds, loans, bankruptcy, and much more. This list is bound to be a good investment.