insurance policy
131value of life insurance policy — For inheritance tax purposes, its face value, less a proper rebate for the period during which payment may be deferred. Anne: 73 ALR2d 232. See cash surrender value …
132life insurance — insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age. [1800 10] * * * Method by which large groups of individuals… …
