Library / English Dictionary

    LIFE ASSURANCE

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

    Insurance paid to named beneficiaries when the insured person diesplay

    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)

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