LIFE-ASSURANCE. An insurance of a life, upon the payment of a premium; this may be for the whole life, or for a limited time. On the death of the person whose life has been insured, during the time for which it is insured, the insurer is bound to pay to the insured. the money agreed upon. See 1 Bouv. Inst. n. 1231.

References in classic literature ?
Ask secretaries of life-assurance companies if that is true, Miss Halcombe.