/ Dictionary / Index L life insurance: Meaning and Definition of Find definitions for: life' insur"ance Pronunciation: [key] 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. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. life instinct life interest Related Content Daily Word Quiz: neologism Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language