straight life insurance
- noun
- Specialized
:
seguro de vida ordinario
- The premiums for straight life insurance remain constant year after year.
Examples
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Unlike term policies, straight life insurance offers coverage for the insured's entire lifetime.
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He decided to purchase straight life insurance to guarantee support for his family.
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I just bought a straight life insurance policy.
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Many people prefer straight life insurance for its simplicity.
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He decided to purchase straight life insurance to guarantee support for his family.
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The premiums for straight life insurance remain constant year after year.
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Unlike term policies, straight life insurance offers coverage for the insured's entire lifetime.
Synonyms
91
3.0
A plan that pays money to your family or other people you choose when you die
1
3.9
A plan that pays a fixed amount when you die and has payments that stay the same for life
A plan that gives a fixed amount and has level yearly payments for life
A plan that pays money to people you choose after you die
Surface Forms
Morphology
The component 'life insurance' is transparent (insurance on one's life), so learners who know those words will recognise the domain. However, the adjective 'straight' here has a specialized actuarial sense (a level/fixed premium paid for life) that is not a common meaning of 'straight' for B1 learners, so the overall sense is only partly inferable without prior exposure.
Etymology
The insurance term straight life insurance comes from the image of a straight, unchanging line. The word straight suggests a steady payment that does not change, so the phrase means 'life coverage with the same payment each year for your whole life'.