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whole life insurance
(redirected from Whole Life Insurance Policy)

   Also found in: Financial, 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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The insurer said the premium payable by a 50-year-old man for a single-premium whole life insurance policy that promises to pay 5 million yen on his death will be cut by 49,300 yen to 3,641,300 yen.
Using the cash value of a whole life insurance policy can also help cushion the blow of a down stock market.
Another aspect is that you can borrow against the cash value of a whole life insurance policy.
 
 
 
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