life assured

life assured life assured assured1

Financial and business terms. 2012.

Look at other dictionaries:

  • life assured — The person upon whose death a life assurance policy makes an agreed payment. The life assured need not be the owner of the policy …   Big dictionary of business and management

  • life assured — /laɪf ə ʃυəd/ noun the person whose life has been covered by a life assurance policy …   Dictionary of banking and finance

  • life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …   Law dictionary

  • life assurance — or insurance a contractual arrangement under which, in return for a stipulated premium, a life assurance company undertakes to pay, on the death of the life assured or on the occurrence of such other events as may be agreed, a specified sum of… …   Law dictionary

  • life assurance or insurance — a contractual arrangement under which, in return for a stipulated premium, a life assurance company undertakes to pay, on the death of the life assured or on the occurrence of such other events as may be agreed, a specified sum of money. Collins… …   Law dictionary

  • assured — ▪ I. assured as‧sured 1 [əˈʆʊəd ǁ əˈʆʊrd] noun the ( life) assured INSURANCE the person or organization that will receive the money from an assurance agreement, or the person whose life is covered by the agreement; = the insured AmE: • A policy… …   Financial and business terms

  • life assurance — An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life… …   Big dictionary of business and management

  • assured — The person named in a life assurance policy to receive the proceeds in the event of maturity or the death of the life assured. As a result of the policy, the person s financial future is ‘assured’ …   Accounting dictionary

  • assured — The person named in a life assurance policy to receive the proceeds in the event of maturity or the death of the life assured As a result of the policy, the person s financial future is assured …   Big dictionary of business and management

  • life assurance — An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life… …   Accounting dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.