life-insurance

life insurance

noun
insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age.

Origin:
1800–10

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
life insurance
 
n
another name for life assurance

Collins English Dictionary - Complete & Unabridged 10th Edition
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