LIFE-ASSURANCE

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  LIFE-ASSURANCE. An insurance of a life, upon the payment of a premium; this 
  may be for the whole life, or for a limited time. On the death of the person 
  whose life has been insured, during the time for which it is insured, the 
  insurer is bound to pay to the insured. the money agreed upon. See 1 Bouv. 
  Inst. n. 1231.