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 Court documents state that investigators first learned of the life insurance money about three months after Stacy died. Kc Baker, PEOPLE.com, 22 Apr. 2022 Within a month of returning to the United States, the FBI says Rudolph started filing claims on his wife's life insurance policies, worth almost $5 million. Jennifer Terker, CBS News, 15 Apr. 2022 Shortly before Faria was killed, her life insurance policy was changed to make Hupp the beneficiary, meaning Hupp came into $150,000 once Faria died. oregonlive, 15 Apr. 2022 Investigators also spoke with another person who said Dunigan complained his wife's place of business wouldn't release her life insurance to him, according to the affidavit. Ron Wood, Arkansas Online, 12 Mar. 2022 Prosecutors allege Crampton Brophy killed her husband to benefit from a $1.5 million life insurance policy. Christine Pelisek, PEOPLE.com, 8 Apr. 2022 Three Armenian American attorneys sued to collect life insurance policies on victims of the genocide, and came away with a pair of class-action settlements totaling $37.5 million. Los Angeles Times, 24 Mar. 2022 The adviser might suggest that you each hold life insurance policies designating the partner as the beneficiary. Amy Dickinson, Detroit Free Press, 24 Feb. 2022 The adviser might suggest that you each hold life insurance policies designating the partner as the beneficiary. Amy Dickinson, BostonGlobe.com, 24 Feb. 2022 See More

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.

First Known Use of life insurance

1781, in the meaning defined above

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Time Traveler for life insurance

Time Traveler

The first known use of life insurance was in 1781

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Dictionary Entries Near life insurance

life income policy

life insurance

life jacket

See More Nearby Entries 

Statistics for life insurance

Last Updated

9 May 2022

Cite this Entry

“Life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/life%20insurance. Accessed 19 May. 2022.

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More Definitions for life insurance

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

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