Definition of life office in English:
An office or company dealing in life insurance.
- 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.