marriage benefit insurance
- marriage benefit insurance
-
A contract by which the insurer becomes bound to pay either a stated sum of money to the beneficiary or his wife on his marriage, if the beneficiary will remain unmarried for a certain time, or a sum of money the amount of which is proportioned to the length of time during which the beneficiary remains single.
Such a contract is held void, both as being a wagering contract and as holding out an inducement for the postponement of marriage. White v Equitable Mut. Ben. Union, 76 Ala 251.
Ballentine's law dictionary.
Anderson, W.S..
1998.
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