life insurance

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life insurance

n.
Insurance that guarantees a specific sum of money to a designated beneficiary upon the death of the insured or to the insured if he or she lives beyond a certain age.

life insurance

n
(Insurance) another name for life assurance

life′ insur`ance


n.
insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.life insurance - insurance paid to named beneficiaries when the insured person dieslife insurance - insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"
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
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
Translations
životní pojištění
livsforsikring
henkivakuutus
životno osiguranje
生命保険
생명보험
livförsäkring
การประกันชีวิต
bảo hiểm nhân thọ

life insurance

n life assurance (Brit) nassicurazione f sulla vita

life insurance

تَأْمِيْـنٌ عَلَىَ الْـحَيَاْةِ životní pojištění livsforsikring Lebensversicherung ασφάλεια ζωής seguro de vida henkivakuutus assurance vie životno osiguranje assicurazione sulla vita 生命保険 생명보험 levensverzekering livsforsikring ubezpieczenie na życie seguro de vida страхование жизни livförsäkring การประกันชีวิต yaşam sigortası bảo hiểm nhân thọ 人寿保险

life insurance

n. seguro, póliza de seguro; Mex. A. aseguranza.
References in periodicals archive ?
Global Banking News-November 21, 2016--AMP loses Mercer life insurance contract
A life insurance contract promises to pay a specified amount of money to a designated beneficiary when the insured person dies.
A life insurance contract not classified as a modified endowment contract allows its owner to take distributions of the policy cash value with non-taxable premiums considered distributed first, followed by the taxable distribution of any gain within the contract, which is received as ordinary income by the owner.
The IRS determined that this did not prevent the fund from qualifying as a Section 419 plan because it was not a life insurance contract itself.
The differences lie in the distinction between the basis of a life insurance contract and the "investment in the contract.
While the suitability of a 1035 exchange will always be dictated by a client's needs, goals and circumstances, here are some scenarios in which trading in one annuity or life insurance contract for another may ultimately prove to be the best option:
At its most basic, a life insurance contract is an agreement where in exchange for premium payments, an insurance company will agree to pay a death benefit if the person whose life is insured dies while the insurance is in force.
While the company experienced higher claims in fiscal year 2009, it managed to record a growth in net profit after tax (NPAT) from the reduction in life insurance contract liabilities, the agency noted.
If you are doing an annual partial 1035 from a life insurance contract in order to fund an annual LTCI premium, clients will want to put enough cash into the policy to avoid a contract lapse, even though the distribution is tax-free.
1, Year 1, individual A entered in a life insurance contract with cash value.
You may be able to obtain a life insurance contract with a guarantee that no reviews will take place in the term of the policy.
An employer-owned life insurance contract is one owned by a person engaged in a trade or business employing the insured person where the employer is the direct or indirect beneficiary of the contract.

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