life assurance
n
(Business / Insurance) a form of insurance providing for the payment of a specified sum to a named beneficiary on the death of the policyholder Also called life insurance
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. |  life assurance - 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 |
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