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life assurance

   Also found in: Financial, Encyclopedia, Wikipedia 0.02 sec.
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
Noun1.life assurancelife 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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? Mentioned in ? References in classic literature
 
The pension is in itself no security at all, unless it were accompanied by a life assurance which would be an income in itself.
The calculations of various life assurance and annuity offices, among other figures which cannot go wrong, have established the fact.
I shall buy up some good Life Assurance shares, and cut into the Direction.
 
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