LIFE INSURANCE

Pronunciation (US):

• LIFE INSURANCE (noun)
  The noun LIFE INSURANCE has 1 sense:

1. insurance paid to named beneficiaries when the insured person dies

  Familiarity information: LIFE INSURANCE used as a noun is very rare.

• LIFE INSURANCE (noun)

Meaning:

Insurance paid to named beneficiaries when the insured person dies

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

life assurance; life insurance

Context example:

in England they call life insurance life assurance

Hypernyms ("life insurance" 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 insurance"):

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)