life insurance

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Related to Life-insurance: Term life insurance

life insurance:

see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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References in periodicals archive ?
Management of the Ridge Capital Group was active in forming the Life Insurance Finance Association, which represents the life-insurance premium-finance industry and other life insurance, financial planning and loan professionals that support that industry.
The impetus for Life Insurance Finance Association's formation was the need for life-insurance premium-finance professionals to actively promote and embrace standards for "best business practices" and assist policymakers, insurance carriers and the public in understanding and differentiating between legitimate premium-finance transactions from schemes merely cloaked as premium-finance transactions that violate insurable interest, anti-rebating, anti-inducement or other insurance laws.
Since reopening its mainland China business in 2001, Taiping has led the domestic life-insurance market.