KRS 304.5-020: "Life insurance" defined.

"Life insurance" is insurance on human lives. The transaction of life insurance includes

the granting of endowment benefits, additional incidental benefits in the event of death by

accident or accidental means, additional incidental benefits in the event o f loss of

eyesight or limb by accident or disease, additional incidental benefits in the event of the

insured's disability, optional modes of settlement of proceeds of life insurance, and

provisions operating to safeguard contracts of life insurance against lapse.