industrial life insurance

Life insurance characterized by (1) a small death benefit (usu. $2,000 or less), (2) premium payments that are due weekly, biweekly, or monthly and that are collected at home by the insurer’s representative, and (3) no required medical examination of the insured. — Sometimes shortened to industrial insurance.

---

词条贡献者

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。