life insurance
Defined in 5 dictionaries — Case Law, Cyclopedic (1922), Ballentine's (1916), Black's (1910), Black's (1891)
Definitions from Case Law
From 265 U.S. 189 - United States v. Supplee-Biddle Hardware Co. · 1924Most cited · 150 citing opinions
Life insurance in such a case is, like that of fire and marine insurance, a contract of indemnity. ... The benefit to be gained by death has no periodicity. It is a substitution of money value for something permanently lost, either in a house, a ship, or a life.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A contract of Insurance wherein the insurer agrees to pay a specified sum in the event of the death of a particular person, if it occurs at a time and under circumstances within the terms of the contract.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
That kind of insurance in which the risk contemplated is the death of a particular person; upon which event (if it occurs within a prescribed term, or, according to the contract, whenever it occurs) the insurer engages to pay a stipulated sum to the legal representatives of such person, or to a third person having an insurable interest in the life of such person.
Defined under Insurance in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
That kind of insurance in which the risk contemplated is the death of a particular person; upon which curs) the insurer engages to pay a stipulated sim to the legal representatives of such pergon, or to a third person having an insurable interest in the life of snch person,