Life Assurance
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Last Updated August 11, 2005
Life Assurance: life insurance: insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"
Wordnet
Life Assurance (Life Insurance in US English) is insurance of people's lives where it is certain that a payment will be made. That is, whereas e.g. non-life insurance might pay out if the contingency occurs that justifies payment (e.g. a fire in the case of fire insurance), in the case of life assurance pay out is certain because death is certain.
Wikipedia
A general term covering a variety of types of personal protection policy. The one thing they all have in common is that a payout on death is the main purpose for the contract.
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