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Legal Forums arrow Legal Dictionary

LIFE-ASSURANCE.

Legal Term: LIFE-ASSURANCE.
Definition: 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.





***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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