Marriage Benefit Insurance Law and Legal Definition
Marriage benefit insurance is a contract by which the insurer becomes bound to pay a stated sum of money to the beneficiary, if the beneficiary will remain unmarried for a certain time. The contract may be also for a sum of money the amount of which is proportioned to the length of time during which the beneficiary remains single. Such a contract will be held void by the courts, as being a wagering contract and as holding out an inducement for the postponement of marriage.
Legal Definition list
Related Legal Terms
- Accelerated Benefits (Health Care)
- Accelerated Death Benefit
- Accelerated Life Insurance Benefits
- Acceptance-of-the-Benefits Rule
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accidental Death Benefit
- Accommodation Line [Insurance]
- Accord Benefit [Patents]
- Accountants Professional Liability Insurance
