insurance coverage that guarantees a particular amount of cash to a designated beneficiary upon the loss of the insured or even to the insured if they lives beyond a certain age.
a kind of insurance regarding the life of you. In the event that individual dies then your insurance pays out a sum of money to your policyholder (eg someone's family members).
See under Lifetime.
the work or system of insuring against death; a contract where the insurer undertakes, in consideration regarding the payment of reduced (usually at stated periods), to cover a stipulated sum in the eventuality of the loss of the insured or of a 3rd individual in whose life the insured has a pursuit.
identify insurance, 1.
insurance compensated to known as beneficiaries as soon as the insured individual dies