Noun: straight life insurance
- Insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
"He opted for straight life insurance for its guaranteed death benefit and cash value accumulation";
- whole life insurance, ordinary life insurance
Derived forms: straight life insurances
Type of: life assurance [Brit, Cdn], life insurance [N. Amer]