Definition of life insurance noun from the Oxford Advanced Learner's Dictionary


life insurance

BrE BrE//ˈlaɪf ɪnʃʊərəns//
; NAmE NAmE//ˈlaɪf ɪnʃʊrəns//
(British English also life assurance) [uncountable]
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a type of insurance in which you make regular payments so that you receive a sum of money when you are a particular age, or so that your family will receive a sum of money when you die a life insurance policy
See the Oxford Advanced American Dictionary entry: life insurance