life insurance

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.

life insurance

noun

1. another name for life assurance

Word History and Origins

Origin of life insurance¹

First recorded in 1800–10

Example Sentences

American savers have poured money into life insurance policies and annuities in recent years, making it one of the fastest-growing categories of investments.

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At the time, Lisa Marie was in process of removing her mother as the sole trustee of irrevocable life insurance policy and was “threatening to sue her,” the suit states.

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All other estate planning documents, including wills, all financial and brokerage accounts, and life insurance policies can pour assets into the trust at death by naming the trustee as the death beneficiary.

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Lucy likens her job to being a mortician or life insurance broker.

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In November, the prince announced a new life insurance scheme to cover 10,000 rangers who safeguard Africa's wildlife.

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