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Lorna，毕业于国内一流的法学院，擅长翻译各种与商业秘密相关的法律文件。