#life_insurance__life_assurance insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"
supertype: #insurance__coverage promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
subtype: #tontine_insurance__tontineinsurance__tontine a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
subtype: #term_insurance low-cost life insurance; valid only for a stated period of time
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