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 ?
Not only would this proposal reverse long-standing industry practice and participant expectations, it would strip away the opportunity to obtain through their employment the valuable protections life insurance contracts offer individuals and that they may not otherwise receive as an employee benefit," said Sanford Koeppel, vice president of legislative and regulatory affairs for Prudential's retirement business, who testified on behalf of the ACLI.
The combined balance of life insurance contracts held by Japan's 10 major life insurance firms fell 2.
The proposed regulations seem to indicate that the Treasury's position is that all living benefits are proceeds from life insurance contracts.
Laing, and several related entities and individuals in an alleged $80-100 million investment scam involving "viatical settlements" in which terminally ill individuals supposedly sold their life insurance contracts for ready cash.
The 2018 Finance Bill, which imposes a 30% flat tax for new premiums on large life insurance contracts, is also likely to have a modest negative impact on credit profiles in the short to medium term.
Although state laws vary, life insurance contracts are issued with a number of standard provisions.
Fire and automobile insurance contracts are subject to premium tax at a rate of 7%, other non-life insurance contracts are subject to IPT at a rate of 5%, marine and life insurance contracts are exempt.
The move would specifically target life insurance contracts worth more than EUR0.
Pursuant to the terms of the agreement Prudential paid the Hartford USD615m in cash as consideration comprised mainly of a ceding commission to provide reinsurance for about 700,000 Hartford life insurance policies, with face amount in force of about USD135bn and the benefits and provisions of the Hartford's in-force life insurance contracts remain unchanged, the company mentioned.
For employer-owned life insurance contracts, IRC Section 101(j)(1) limits the amount of death benefits that can be excluded from gross income to the premium payments and any other amounts paid by the policyholder for the insurance contract.
A similar concept applies to annuity and life insurance contracts in a process known as the 1035 exchange, which references the section of the tax code that allows the owner of a life insurance or annuity contract to trade in that contract for another without paying tax on the income and the investment gains earned on the original contract.

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