life insurance

noun

Definition of life insurance

: insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured

Examples of life insurance in a Sentence

Recent Examples on the Web JaMarcus, like all dialysis patients, didn’t qualify for a traditional life insurance policy, and Gail didn’t have a job. Lizzie Presser, ProPublica, "For years, JaMarcus Crews tried to get a new kidney, but corporate healthcare stood in the way.," 15 Dec. 2020 My father died and left me a life insurance policy worth $7,000. Dallas News, "Motley Fool: Vertex Pharma’s drug pipeline looks promising," 13 Dec. 2020 They are discouraged by questions about depression and behavioral medications that often appear on applications for licenses and life insurance policies. Lauren Caruba, ExpressNews.com, "Burnout. Trauma. Disillusionment: The toll of COVID-19 on San Antonio hospital workers," 17 Dec. 2020 In the tax year that ended in September 2018, the Scripps board of directors bought life insurance policies worth $19.5 million for Van Gorder and three other senior executives. Jeff Mcdonald, San Diego Union-Tribune, "Scripps Health executive compensation, use of hospice donations called into question," 14 Nov. 2020 Halley has good claim to be the architect of the mathematics that underlie modern life insurance. Andrew Stuttaford, National Review, "The Capital Note: Interest Rates at Four Thousand Year Lows (What Could Go Wrong?)," 13 Oct. 2020 All sorts of insurance products—including annuities and basic life insurance—have been hit hard by more than a decade of low interest rates. Leslie Scism, WSJ, "Athene, MassMutual Made Over $3 Billion Takeover Offer to American Equity," 1 Oct. 2020 Biden began buying homes—especially those that were outside his budget—in his twenties, taking out multiple mortgages and receiving loans against life insurance policies. Leena Kim, Town & Country, "All of Joe Biden's Homes, In Photos," 29 Sep. 2020 The two have since partnered with Atlanta Life Insurance Co. to provide $25,000 life insurance policies for Black men in Atlanta making below $30,000. Christopher A. Daniel, CBS News, "Slutty Vegan, a Black-owned Atlanta burger joint, is serving up jobs and life skills to juvenile offenders," 28 Aug. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'life insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of life insurance

1781, in the meaning defined above

Keep scrolling for more

Learn More about life insurance

Time Traveler for life insurance

Time Traveler

The first known use of life insurance was in 1781

See more words from the same year

Statistics for life insurance

Last Updated

9 Jan 2021

Cite this Entry

“Life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/life%20insurance. Accessed 18 Jan. 2021.

Keep scrolling for more

More Definitions for life insurance

life insurance

noun

English Language Learners Definition of life insurance

: a type of insurance that pays money to the family of someone who has died

life insurance

noun

Legal Definition of life insurance

: 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
: whole life insurance in this entry
term life insurance
: life insurance that provides coverage for a set term and does not accumulate cash surrender value
universal life insurance
: life insurance characterized by flexible premiums, benefits, and payment schedules, by the indexing of cash value to money market interest rates, and by the periodic reporting of current value and company costs charged to the account
universal variable life insurance
: variable universal life insurance in this entry
variable life insurance
: life insurance in which all or part of the cash value of the policy is located in a tax-deferred investment portfolio with risk assumed by the insured for investment losses — compare variable annuity at annuity
variable universal life insurance
: universal life insurance that includes the investment component of variable life insurance

called also universal variable life insurance

whole life insurance
: life insurance that provides coverage over the life of the insured and that can be sold for surrender value or used as the basis of low-interest loans

called also ordinary life insurance, straight life insurance

More from Merriam-Webster on life insurance

Britannica.com: Encyclopedia article about life insurance

Comments on life insurance

What made you want to look up life insurance? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Words of Snow and Ice Quiz

  • image1037863653
  • Which of the following refers to thin, bending ice, or to the act of running over such ice?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Typeshift

Anagram puzzles meet word search.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!