ORDINARY LIFE INSURANCE • FREE TRANSLATOR.ORG • Definition of Ordinary life insurance

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/ˈɔrdənˌɛri laɪf ɪnʃˈʊrəns/ Listen

Ordinary life insurance

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. Synonyms: straight life insurance, whole life insurance.

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Etymology of 'Ordinary life insurance'

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"Ordinary life insurance" Quotes from Famous Books

... primarily an economic arrangement, an insurance pact. It differs from the ordinary life insurance agreement only in that it is more binding, more exacting. Its returns are insignificantly small compared with the investments. In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, ...

— Anarchism and Other Essays • Emma Goldman