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 ?
Clients should also remember that they may be able to borrow from whole life insurance policies on a tax-free basis if the policy has accumulated substantially.
The settlement concerns about 293,000 whole life insurance policies that were in force between January 1, 2006, and December 31, 2015.
7 July 2015 - US-based insurer New York Life has completed the acquisition, through reinsurance, of a net 60% interest in John Hancock Financial's closed block, comprised primarily of participating whole life insurance policies, the company said.
3 million whole life insurance policies worth above $25 billion from John Hancock Financial.
Permanent or whole life insurance policies offer a lifetime of coverage.
Universal life insurance: Combines features of term life insurance and whole life insurance policies by offering death benefits at lower, flexible premiums with a cash value.
When deciding between term life and whole life insurance policies, the best plan for any particular individual depends on their situation and what they want from their policy.
Juvenile whole life insurance policies began back in the 19th century as a way for the impoverished classes to pay for funeral and burial costs.
For whole life insurance policies, where the surrender charge is not separately stated, the policy owner must contact the insurance carrier for the PERC amount.
When Nancy Beck began her career in 1982, a popular strategy was to replace clients' whole life insurance policies with a new product: universal life.
Whole life insurance policies also allow withdrawals from the total premiums paid, or value of the policy.
2 percent, and yields on single-premium whole life insurance policies to 1.