ORDINARY LIFE INSURANCE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Synonyms:

ordinary life insurance; straight life insurance; whole life insurance

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("ordinary life insurance" is a kind of...):

life assurance; life insurance (insurance paid to named beneficiaries when the insured person dies)

Credits