from The American Heritage® Dictionary of the English Language, 4th Edition
- 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.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A form of insurance on the life of a person. If the person dies then the insurance policy pays out a sum of money to the policyholder (such as a person's family).
from the GNU version of the Collaborative International Dictionary of English
- n. See under Life.
- n. the act or system of insuring against death; a contract by which the insurer undertakes, in consideration of the payment of a premium (usually at stated periods), to pay a stipulated sum in the event of the death of the insured or of a third person in whose life the insured has an interest.
from The Century Dictionary and Cyclopedia
- n. See insurance, 1.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. insurance paid to named beneficiaries when the insured person dies
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