life insurance

Definition of "life insurance"
  1. A contract where an insurance company promises to pay a designated person a sum of money upon the death of the insured person, in return for regular payments called premiums
How to use "life insurance" in a sentence
  1. He purchased a life insurance policy to secure his family's future.
  2. Premiums for her life insurance are deducted from her monthly salary.
  3. Business partners often take out life insurance policies on each other.

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