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Term assurance Uncommon

Origin: Latin suffix -ance

Definition, synonyms and related words

Definitions
Noun
1

Life insurance that pays out a lump sum benefit on the death of the life assured within the term of the policy, and nothing on survival to the end of the term.

See Also
level term assurance lump sum life insurance survival increasing term assurance decreasing term assurance benefit policy
Related Terms
Rhyming Words
nce ance ince unce ence once vince sence ponce nance munce vance dunce hence bonce ounce nonce gance dance vonce
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