life insurance

An agreement between an insurance company and the policyholder to pay a specified amount to a designated beneficiary on the insured’s death.

— Also termed (in Britain) assurance. See ASSURANCE(2). [Cases: Insurance 1011. C.J.S. Insurance §§ 10–14.]

---

词条贡献者

双语律师蓉婧，国内知名法学院民商法专业，擅长翻译各类与数据隐私及安全相关的法律文件。