ordinary life insurance

life insurance with premiums paid throughout the lifetime of the insured. Also called straight life insurance, whole life insurance.

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Universalium. 2010.

Look at other dictionaries:

  • ordinary life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • ordinary life insurance — noun 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 • Syn: ↑whole life insurance, ↑straight life insurance • Hypernyms: ↑life… …   Useful english dictionary

  • life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …   Law dictionary

  • life insurance — noun insurance paid to named beneficiaries when the insured person dies in England they call life insurance life assurance • Syn: ↑life assurance • Hypernyms: ↑insurance • Hyponyms: ↑endowment insurance, ↑tontine, ↑ …   Useful english dictionary

  • Life insurance in India — Life Insurance is the fastest growing sector in India since 2000 as Government allowed Private players and FDI up to 26%. Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life… …   Wikipedia

  • term life insurance — life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term. Cf. ordinary life insurance, term insurance. * * * …   Universalium

  • term life insurance — life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term. Cf. ordinary life insurance, term insurance …   Useful english dictionary

  • straight life insurance — noun 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 • Syn: ↑whole life insurance, ↑ordinary life insurance • Hypernyms: ↑life… …   Useful english dictionary

  • whole life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. whole life insurance …   Law dictionary

  • whole life insurance — noun 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 • Syn: ↑ordinary life insurance, ↑straight life insurance • Hypernyms: ↑life… …   Useful english dictionary

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