Cite
 

Meaning of limited-payment life insurance

lim'it•ed-pay'ment life' insur"ance

Pronunciation: (lim'i-tid-pā'munt), [key]
  1. a form of life insurance for which premiums are paid for a designated number of years.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.