insure
verb

to have a contract with a company whereby, if regular small payments are made, the company will pay compensation for loss, damage, injury or death

Examples
  • to insure a house against fire

  • to insure someone's life

  • to insure against loss of earnings

  • She was insured for £100,000.

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insurance contract
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assure
Pension Benefit Guaranty Corporation (PBGC)
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