Life settlement
noun
the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit; the sale one’s life insurance policy to investor who pay the premium until the seller dies
Examples
Life settlement providers must be licensed in the state where the policy owner resides.
Read Also:
- Life-size
[lahyf-sahyz] /ˈlaɪfˈsaɪz/ adjective 1. of the natural size of an object, person, etc., in life; of the actual size of a living original: a life-size statue. adjective 1. representing actual size adj. 1820, from life (n.) + size (n.).
- Life-signs
plural noun 1. .
- Lifespan
n. also life span, 1918, from life (n.) + span (n.1).
- Life-span
noun 1. the longest period over which the life of any organism or species may extend, according to the available biological knowledge concerning it. 2. the longevity of an individual. noun 1. the period of time during which a human being, animal, machine, etc, may be expected to live or function under normal conditions life […]
- Lifestream
[lahyf-streem] /ˈlaɪfˌstrim/ verb (used with or without object) 1. . 2. to aggregate all of (one’s online content and social interactions) on a single website: Use RSS feeds to lifestream your blog posts, photos, and YouTube videos. noun 3. a record of all of one’s online content and social interactions, presented chronologically on a single […]