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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. … [Read more...] about LIFE-ASSURANCE

Vide Estate for life, … [Read more...] about LIFE-ESTATE

Medical procedures (also known as life sustaining procedures) that are used to prolong or extend the life of a person who is gravely or terminally ill and/or comatose. Common procedures include CPR (cardio-pulmonary resuscitation), use of a respirator, infusion of blood, surgery, dialysis, antibiotics and other measures. … [Read more...] about LIFE-PROLONGING PROCEDURES

An annual income to be paid during the continuance of a particular life. … [Read more...] about LIFE ANNUITY

Scotch law. A right to use and enjoy a thing during life, the substance of it being preserved. A life-rent cannot, therefore, be constituted upon things which perish in the use; and though it may upon subjects which gradually wear out by time, as household furniture, yet it is generally applied to heritable subjects. Life-rents are divided into conventional and legal. 2. 1. The … [Read more...] about LIFE-RENT