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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词条贡献者

法律翻译Scott，毕业于新加坡知名法学院，专注翻译各类与豪华住宅买卖有关的法律文件。