| Library / English Dictionary |
LIFE ASSURANCE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Insurance paid to named beneficiaries when the insured person dies
Example:
in England they call life insurance life assurance
Synonyms:
life assurance; life insurance
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("life assurance" is a kind of...):
insurance (promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company)
Hyponyms (each of the following is a kind of "life assurance"):
endowment insurance (life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured)
tontine; tontine insurance (a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members)
ordinary life insurance; straight life insurance; whole life insurance (insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured)
