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life office

Line breaks: life of¦fice

Definition of life office in English:

noun

An office or company dealing in life insurance.
Example sentences
  • First, the life office's investments may not perform as well as expected, causing a fall in bonus rates, which could result in a lower return than anticipated.
  • The sum which forms the structured element is used by the casualty insurer [the insurer behind the defendant responsible for the injury] to purchase an annuity from a life office in the name of the plaintiff.
  • A strong life office has more scope for having a high proportion invested in quality shares.

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Pronunciation: prɪˈpəʊt(ə)nt
adjective
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