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life policy

Line breaks: life pol¦icy

Definition of life policy in English:

noun

A life insurance policy.
Example sentences
  • But the surrender value of a whole life policy is usually lower than that of an endowment policy for a similar amount.
  • This lets you convert your policy into a new life policy at the end of the term without the need to provide information on your state of health at the time.
  • He accepted that the employees received a payment in kind in the form of the life policy or policies with an enhanced value.

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