noun
assurance
Insurance providing a payment, especially upon death.
The British policy describes life assurance coverage.
Etymology
Old French asseurer meant to make secure. Assurance applies that promise of security to a financial contract, under which a specified event brings a guaranteed payment.
More examples
- He compared assurance policies.
- The document used assurance rather than insurance.
- She studied the history of life assurance.
Forms
assurance
Similar words
- insurance
- The usual US term, including life coverage.
- coverage
- The protection provided rather than the particular type of policy.