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.]
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.]