'Life insurance' definitions:

Definition of 'life insurance'

(from WordNet)
noun
Insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance" [syn: life insurance, life assurance]

Definition of 'Life insurance'

From: GCIDE
  • Insurance \In*sur"ance\, n. [From Insure.] [1913 Webster]
  • 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6. [1913 Webster]
  • Note: The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. --Johnson's Cyc. [1913 Webster]
  • 2. The premium paid for insuring property or life. [1913 Webster]
  • 3. The sum for which life or property is insured. [1913 Webster]
  • 4. A guaranty, security, or pledge; assurance. [Obs.] [1913 Webster]
  • The most acceptable insurance of the divine protection. --Mickle. [1913 Webster]
  • 5. Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury. [PJC]
  • Accident insurance, insurance against pecuniary loss by reason of accident to the person.
  • Endowment insurance or Endowment assurance, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called whole life insurance.
  • Fire insurance. See under Fire.
  • Insurance broker, a broker or agent who effects insurance.
  • Insurance company, a company or corporation whose business it is to insure against loss, damage, or death.
  • Insurance policy, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.
  • Life insurance. See under Life. [1913 Webster]

Definition of 'Life insurance'

From: GCIDE
  • Life \Life\ (l[imac]f), n.; pl. Lives (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See Live, and cf. Alive.]
  • 1. The state of being which begins with generation, birth, or germination, and ends with death; also, the time during which this state continues; that state of an animal or plant in which all or any of its organs are capable of performing all or any of their functions; -- used of all animal and vegetable organisms. [1913 Webster]
  • 2. Of human beings: The union of the soul and body; also, the duration of their union; sometimes, the deathless quality or existence of the soul; as, man is a creature having an immortal life. [1913 Webster]
  • She shows a body rather than a life. --Shak. [1913 Webster]
  • 3. (Philos.) The potential principle, or force, by which the organs of animals and plants are started and continued in the performance of their several and cooperative functions; the vital force, whether regarded as physical or spiritual. [1913 Webster]
  • 4. Figuratively: The potential or animating principle, also, the period of duration, of anything that is conceived of as resembling a natural organism in structure or functions; as, the life of a state, a machine, or a book; authority is the life of government. [1913 Webster]
  • 5. A certain way or manner of living with respect to conditions, circumstances, character, conduct, occupation, etc.; hence, human affairs; also, lives, considered collectively, as a distinct class or type; as, low life; a good or evil life; the life of Indians, or of miners. [1913 Webster]
  • That which before us lies in daily life. --Milton. [1913 Webster]
  • By experience of life abroad in the world. --Ascham. [1913 Webster]
  • Lives of great men all remind us We can make our lives sublime. --Longfellow. [1913 Webster]
  • 'T is from high life high characters are drawn. --Pope [1913 Webster]
  • 6. Animation; spirit; vivacity; vigor; energy. [1913 Webster]
  • No notion of life and fire in fancy and in words. --Felton. [1913 Webster]
  • That gives thy gestures grace and life. --Wordsworth. [1913 Webster]
  • 7. That which imparts or excites spirit or vigor; that upon which enjoyment or success depends; as, he was the life of the company, or of the enterprise. [1913 Webster]
  • 8. The living or actual form, person, thing, or state; as, a picture or a description from, the life. [1913 Webster]
  • 9. A person; a living being, usually a human being; as, many lives were sacrificed. [1913 Webster]
  • 10. The system of animal nature; animals in general, or considered collectively. [1913 Webster]
  • Full nature swarms with life. --Thomson. [1913 Webster]
  • 11. An essential constituent of life, esp: the blood. [1913 Webster]
  • The words that I speak unto you . . . they are life. --John vi. 63. [1913 Webster]
  • The warm life came issuing through the wound. --Pope [1913 Webster]
  • 12. A history of the acts and events of a life; a biography; as, Johnson wrote the life of Milton. [1913 Webster]
  • 13. Enjoyment in the right use of the powers; especially, a spiritual existence; happiness in the favor of God; heavenly felicity. [1913 Webster]
  • 14. Something dear to one as one's existence; a darling; -- used as a term of endearment. [1913 Webster]
  • Note: Life forms the first part of many compounds, for the most part of obvious meaning; as, life-giving, life-sustaining, etc. [1913 Webster]
  • Life annuity, an annuity payable during one's life.
  • Life arrow, Life rocket, Life shot, an arrow, rocket, or shot, for carrying an attached line to a vessel in distress in order to save life.
  • Life assurance. See Life insurance, below.
  • Life buoy. See Buoy.
  • Life car, a water-tight boat or box, traveling on a line from a wrecked vessel to the shore. In it person are hauled through the waves and surf.
  • Life drop, a drop of vital blood. --Byron.
  • Life estate (Law), an estate which is held during the term of some certain person's life, but does not pass by inheritance.
  • Life everlasting (Bot.), a plant with white or yellow persistent scales about the heads of the flowers, as Antennaria, and Gnaphalium; cudweed.
  • Life of an execution (Law), the period when an execution is in force, or before it expires.
  • Life guard. (Mil.) See under Guard.
  • Life insurance, the act or system of insuring against death; a contract by which the insurer undertakes, in consideration of the payment of a premium (usually at stated periods), to pay a stipulated sum in the event of the death of the insured or of a third person in whose life the insured has an interest.
  • Life interest, an estate or interest which lasts during one's life, or the life of another person, but does not pass by inheritance.
  • Life land (Law), land held by lease for the term of a life or lives.
  • Life line. (a) (Naut.) A line along any part of a vessel for the security of sailors. (b) A line attached to a life boat, or to any life saving apparatus, to be grasped by a person in the water.
  • Life rate, rate of premium for insuring a life.
  • Life rent, the rent of a life estate; rent or property to which one is entitled during one's life.
  • Life school, a school for artists in which they model, paint, or draw from living models.
  • Lifetable, a table showing the probability of life at different ages.
  • To lose one's life, to die.
  • To seek the life of, to seek to kill.
  • To the life, so as closely to resemble the living person or the subject; as, the portrait was drawn to the life. [1913 Webster]

Words containing 'Life insurance'