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.]

---

词条贡献者

资深译员陈鹏，毕业于国内顶尖的高级翻译学院，擅长翻译各类与全球贸易及投资相关的法律文件。