straight life insurance

Definitions

  • WordNet 3.6
    • n straight life insurance insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
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Usage

In literature:

Renewable term-insurance premiums are lower than straight life insurance because in the former there is no cash surrender value.
"The Good Housekeeping Marriage Book" by Various
All the way along he insured the trailers on the straight life, endowment, or accident policies, or for sick benefits.
"Seeds of Pine" by Janey Canuck
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