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whole life insurance
(redirected from Whole Life)

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
whole life insurance
n.
Insurance that provides death protection for the insured's entire lifetime.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.whole life insurance - insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
life assurance, life insurance - insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"


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[ILLUSTRATION OMITTED] There was a time, many years ago, when whole life insurance was a vibrant part of many retirement plans.
Carson and Forster conclude from their research into universal life and whole life that over five- and 10-year periods since issue in 1988, universal life has higher yields than whole life ("Anticipating the Benefits," January 2002).
The San Francisco Bay Area Agency, a general agency of Massachusetts Mutual Life Insurance Company (MassMutual), is reporting that in 2008 it experienced a record 82-percent increase in sales of whole life insurance - and the agency has brought on 50 new financial services professionals and staff, increasing its field force of agents by 18-percent to handle growing demand.
 
 
 
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