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What does life insurance mean?

Looking for the meaning or definition of the word life insurance? Here's what it means.

Noun
  1. (insurance) A form of insurance on the life of a person. If the person dies then the insurance policy pays out a sum of money to the policyholder (such as a person's family).
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A plan is under consideration to offer term life insurance, fixed annuities, and title insurance for mortgage holders.
Grown-ups with small dependents, mortgages and life insurance policies should definitely have a will.
Independent guides on life insurance and general insurance will be published in the autumn.
Revenue has also grown largely as a result of increased mortgage lending and also through the sale of life insurance and pensions.
In a past job, I was a quantitative analyst for an asset manager that had a life insurance company as a client.
If the worst happens, the mortgage would be covered, but he has no other life insurance.

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