life insurance

from WordNet (r) 3.0 (2006)
life insurance
    n 1: insurance paid to named beneficiaries when the insured
         person dies; "in England they call life insurance life
         assurance" [syn: {life insurance}, {life assurance}]
    
from The Collaborative International Dictionary of English v.0.48
Insurance \In*sur"ance\, n. [From {Insure}.]
   [1913 Webster]
   1. The act of insuring, or assuring, against loss or damage
      by a contingent event; a contract whereby, for a
      stipulated consideration, called premium, one party
      undertakes to indemnify or guarantee another against loss
      by certain specified risks. Cf. {Assurance}, n., 6.
      [1913 Webster]

   Note: The person who undertakes to pay in case of loss is
         termed the insurer; the danger against which he
         undertakes, the risk; the person protected, the
         insured; the sum which he pays for the protection, the
         premium; and the contract itself, when reduced to form,
         the policy. --Johnson's Cyc.
         [1913 Webster]

   2. The premium paid for insuring property or life.
      [1913 Webster]

   3. The sum for which life or property is insured.
      [1913 Webster]

   4. A guaranty, security, or pledge; assurance. [Obs.]
      [1913 Webster]

            The most acceptable insurance of the divine
            protection.                           --Mickle.
      [1913 Webster]

   5. Hence: Any means of assuring against loss; a precaution;
      as, we always use our seat belts as insurance against
      injury.
      [PJC]

   {Accident insurance}, insurance against pecuniary loss by
      reason of accident to the person.

   {Endowment insurance} or {Endowment assurance}, a combination
      of life insurance and investment such that if the person
      upon whose life a risk is taken dies before a certain
      specified time the insurance becomes due at once, and if
      he survives, it becomes due at the time specified. Also
      called {whole life insurance}.

   {Fire insurance}. See under {Fire}.

   {Insurance broker}, a broker or agent who effects insurance.
      

   {Insurance company}, a company or corporation whose business
      it is to insure against loss, damage, or death.

   {Insurance policy}, a certificate of insurance; the document
      containing the contract made by an insurance company with
      a person whose property or life is insured.

   {Life insurance}. See under {Life}.
      [1913 Webster]
    
from The Collaborative International Dictionary of English v.0.48
Life \Life\ (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS.
   l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p
   life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body,
   Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and
   cf. {Alive}.]
   1. The state of being which begins with generation, birth, or
      germination, and ends with death; also, the time during
      which this state continues; that state of an animal or
      plant in which all or any of its organs are capable of
      performing all or any of their functions; -- used of all
      animal and vegetable organisms.
      [1913 Webster]

   2. Of human beings: The union of the soul and body; also, the
      duration of their union; sometimes, the deathless quality
      or existence of the soul; as, man is a creature having an
      immortal life.
      [1913 Webster]

            She shows a body rather than a life.  --Shak.
      [1913 Webster]

   3. (Philos.) The potential principle, or force, by which the
      organs of animals and plants are started and continued in
      the performance of their several and cooperative
      functions; the vital force, whether regarded as physical
      or spiritual.
      [1913 Webster]

   4. Figuratively: The potential or animating principle, also,
      the period of duration, of anything that is conceived of
      as resembling a natural organism in structure or
      functions; as, the life of a state, a machine, or a book;
      authority is the life of government.
      [1913 Webster]

   5. A certain way or manner of living with respect to
      conditions, circumstances, character, conduct, occupation,
      etc.; hence, human affairs; also, lives, considered
      collectively, as a distinct class or type; as, low life; a
      good or evil life; the life of Indians, or of miners.
      [1913 Webster]

            That which before us lies in daily life. --Milton.
      [1913 Webster]

            By experience of life abroad in the world. --Ascham.
      [1913 Webster]

            Lives of great men all remind us
            We can make our lives sublime.        --Longfellow.
      [1913 Webster]

            'T is from high life high characters are drawn.
                                                  --Pope
      [1913 Webster]

   6. Animation; spirit; vivacity; vigor; energy.
      [1913 Webster]

            No notion of life and fire in fancy and in words.
                                                  --Felton.
      [1913 Webster]

            That gives thy gestures grace and life.
                                                  --Wordsworth.
      [1913 Webster]

   7. That which imparts or excites spirit or vigor; that upon
      which enjoyment or success depends; as, he was the life of
      the company, or of the enterprise.
      [1913 Webster]

   8. The living or actual form, person, thing, or state; as, a
      picture or a description from, the life.
      [1913 Webster]

   9. A person; a living being, usually a human being; as, many
      lives were sacrificed.
      [1913 Webster]

   10. The system of animal nature; animals in general, or
       considered collectively.
       [1913 Webster]

             Full nature swarms with life.        --Thomson.
       [1913 Webster]

   11. An essential constituent of life, esp: the blood.
       [1913 Webster]

             The words that I speak unto you . . . they are
             life.                                --John vi. 63.
       [1913 Webster]

             The warm life came issuing through the wound.
                                                  --Pope
       [1913 Webster]

   12. A history of the acts and events of a life; a biography;
       as, Johnson wrote the life of Milton.
       [1913 Webster]

   13. Enjoyment in the right use of the powers; especially, a
       spiritual existence; happiness in the favor of God;
       heavenly felicity.
       [1913 Webster]

   14. Something dear to one as one's existence; a darling; --
       used as a term of endearment.
       [1913 Webster]

   Note: Life forms the first part of many compounds, for the
         most part of obvious meaning; as, life-giving,
         life-sustaining, etc.
         [1913 Webster]

   {Life annuity}, an annuity payable during one's life.

   {Life arrow}, {Life rocket}, {Life shot}, an arrow, rocket,
      or shot, for carrying an attached line to a vessel in
      distress in order to save life.

   {Life assurance}. See {Life insurance}, below.

   {Life buoy}. See {Buoy}.

   {Life car}, a water-tight boat or box, traveling on a line
      from a wrecked vessel to the shore. In it person are
      hauled through the waves and surf.

   {Life drop}, a drop of vital blood. --Byron.

   {Life estate} (Law), an estate which is held during the term
      of some certain person's life, but does not pass by
      inheritance.

   {Life everlasting} (Bot.), a plant with white or yellow
      persistent scales about the heads of the flowers, as
      {Antennaria}, and {Gnaphalium}; cudweed.

   {Life of an execution} (Law), the period when an execution is
      in force, or before it expires.

   {Life guard}. (Mil.) See under {Guard}.

   {Life insurance}, the act or system of insuring against
      death; a contract by which the insurer undertakes, in
      consideration of the payment of a premium (usually at
      stated periods), to pay a stipulated sum in the event of
      the death of the insured or of a third person in whose
      life the insured has an interest.

   {Life interest}, an estate or interest which lasts during
      one's life, or the life of another person, but does not
      pass by inheritance.

   {Life land} (Law), land held by lease for the term of a life
      or lives.

   {Life line}.
       (a) (Naut.) A line along any part of a vessel for the
           security of sailors.
       (b) A line attached to a life boat, or to any life saving
           apparatus, to be grasped by a person in the water.

   {Life rate}, rate of premium for insuring a life.

   {Life rent}, the rent of a life estate; rent or property to
      which one is entitled during one's life.

   {Life school}, a school for artists in which they model,
      paint, or draw from living models.

   {Lifetable}, a table showing the probability of life at
      different ages.

   {To lose one's life}, to die.

   {To seek the life of}, to seek to kill.

   {To the life}, so as closely to resemble the living person or
      the subject; as, the portrait was drawn to the life.
      [1913 Webster]
    

[email protected]