Definition of Ordinary life insurance
1. Noun. Insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured.
Generic synonyms: Life Assurance, Life Insurance
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Lexicographical Neighbors of Ordinary Life Insurance
Literary usage of Ordinary life insurance
Below you will find example usage of this term as found in modern and/or classical literature:
1. A Treatise on the Law of Life and Accident Insurance: Including Benefit by Frederick Hampden Bacon (1917)
"In ordinary life insurance contracts, the policy, or the application, medical examination and other certificates, if such be aptly referred to, ..."
2. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1920)
""A policy of ordinary life insurance payable to a named beneficiary provides: The insured may, ..."
3. The American Year Book: A Record of Events and Progress by Francis Graham Wickware, (, Albert Bushnell Hart, (, Simon Newton Dexter North (1916)
"Although there were no incidents of particular note in reference to this kind of business as independent of ordinary life insurance, it should always be ..."
4. New York Current Court Decisions: Being Reports of Cases Decided at Trial by Frederick Whiting Noble, George M. Welch (1909)
"New York Life Insurance Co. ordinary life insurance policies issued in a year. The statute, however, also makes provision for the doing of a smaller amount ..."
5. The Baptist Quarterly Review by J R Baumes, Robert Stuart MacArtur, Henry C Vedder (1886)
"... including their payments to the Tontine Reserve Fund and annual dues as compared with the rate charged under the old system for ordinary life insurance, ..."
6. Selected Articles on Social Insurance by Julia Emily Johnsen (1922)
"This is the insurance of widows and orphans, or ordinary life insurance. It may seem peculiar that while ... ordinary life insurance is of necessity costly. ..."