whole life insurance

Insurance that provides death protection for the insured's entire lifetime.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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Noun

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

ordinary life insurance, straight life insurance

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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References in periodicals archive

This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies.

Living benefits of life insurance

In 2018, the global Whole Life Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of 2.6% during 2019-2025.

Global Whole Life Insurance Market Analysis 2019 - Dynamics, Trends, Revenue, Regional Segmented, Outlook & Forecast Till 2025

Whole life insurance matures at death or the policy anniversary nearest age 100, whichever comes first; covered individuals or their beneficiaries then receive cash.

Planning During Terminal Illness

I have a whole life insurance policy but am looking to pick up additional term life insurance.

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