life policy

A life-insurance policy that requires lifetime annual fixed premiums and that becomes payable only on the death of the insured.

— Also termed regular life policy. [Cases: Insurance 1011, 1716. C.J.S. Insurance §§ 10–14, 254.]


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译者Kelly,美国顶尖商学院国际经济法专业,擅长翻译各种与投资基金与基金顾问诉讼相关的法律文件。
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