Graveyard insurance
Defined in 1 dictionary — Black's (1910)
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A term applied to insurances fraudulently obtained (as, by false personation or other means) on the lives of infants, very aged persons, or those in the last stages of disease. Also occasionally applied to an insurance company which writes wager policies, takes extra-hazardous risks, or otherwise exceeds the limits of prudent and legitimate business. See McCarty's Appeal, 110 P. 379, 4 Atl. 925.
Defined under Graveyard in Black's Law Dictionary.