life insurance

US /ˈlaɪf ɪnˌʃʊr.əns/
UK /ˈlaɪf ɪnˌʃʊr.əns/
"life insurance" picture
1.

insurance that pays out a sum of money either on the death of the insured person or after a set period.

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He took out a life insurance policy to protect his family.
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Many people consider life insurance an essential part of financial planning.
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life assurancedeath benefitterm lifewhole life
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