'Life insurance' is insurance on human lives and insurances appertaining thereto or connected therewith. For the purposes of this title the transacting of life insurance includes the granting of annuities and endowment benefits; additional benefits in event of death by accident; additional benefits in event of the total and permanent disability of the insured; and optional modes of settlement of proceeds.
U.S. Virgin Islands Legal Code
452
U.S. Virgin Islands § 452 — U.S. Virgin Islands law