life insurance

American  

noun

1. insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age.

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life insurance British  

noun

1. another name for life assurance

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Etymology

Origin of life insurance

First recorded in 1800–10

Example Sentences

I only have $300,000 of life insurance through my employer.

From MarketWatch

You might also want to see what develops a year or two from now, as the financial services industry is deep in the process of innovation on annuities, long-term-care hybrid policies and life insurance.

From MarketWatch

“That includes not just retirement, but disability, death. It is life insurance. It is loss of work. It is disability.”

From MarketWatch

The insurer Aegon on Wednesday said it’s relocating its headquarters from the Netherlands to the U.S. and renaming itself Transamerica, as part of its ambition to become a leading U.S. life insurance and retirement company.

From MarketWatch

The move across the Atlantic reflects the company’s ambition to become a leading U.S. life insurance and retirement group, Aegon said in an update Wednesday.

From The Wall Street Journal