whole life insurance

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Related to Whole Life Policies: Term life insurance, Cheap Life Insurance

whole life insurance

n.
Insurance that provides death protection for the insured's entire lifetime.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
References in periodicals archive ?
But whole life policies, annuities and other insurance products may be more appropriate for your circumstances.
What is the tax basis of whole life policies which do not have explicit cost of insurance charges?
Whole life policies have three guaranteed elements: death benefit, cash value accumulation and a level annual premium.
Generally, policyowners of traditional whole life policies may surrender regular paid-up additions separately.
The Index reveals that 37 percent of those who own whole life policies purchased their coverage in the past five years.
Little imagination is needed to foresee how irrevocable life insurance trust beneficiaries will be liable to beneficiaries for the difference between death benefits received from universal and whole life policies.
Fortunately, the life assurance market is currently very competitive and whole life policies can be obtained at exceptional rates.
An important benefit of juvenile whole life policies is that they provide cash value accumulation over the long term.
And if you own any expensive whole life policies, you can probably convert them to much cheaper term insurance.
Whole life policies can be a good early investment because premiums typically remain fixed and a young policyholder is more likely to be able to lock in a low rate than one who's middle-aged.
Some whole life policies available today offer high dividend scales, especially with the mutual companies*.
Tell the consumer life insurance can be funded any way they want--whether it be by buying universal, term or whole life policies, or any combination of them.