whole life insurance

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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 ?
Compared to term life insurance, whole life is more expensive.
First Trinity Financial operates two life insurance subsidiaries, Trinity Life Insurance Company, Tulsa, Oklahoma, and Family Benefit Life Insurance Company, Jefferson City, Missouri and is focused on term life insurance, whole life insurance and annuities.
And, unlike term life insurance, whole life coverage is permanent and premiums are guaranteed by the issuer never to increase.

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