whole life insurance
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Related to Life Insurance, Ordinary: whole life insurance, Term life insurance, variable life insurance, Universal life insurance, Permanent life insurance
whole life insurance
n.
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 | 1. | 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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