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 ?
This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies.
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.
Whole life insurance matures at death or the policy anniversary nearest age 100, whichever comes first; covered individuals or their beneficiaries then receive cash.
In the case of whole life insurance n = [omega] - y, and in the case of term life insurance n is the time 0 term of the life insurance product.
As the name suggests, single premium whole life insurance is permanent life insurance that is purchased with one single payment, rather than through a series of premium payments over time.
However, whole life insurance, at its core, is about death benefit protection so families can maintain financial stability in the event of the loss of a head of household or primary caregiver.
But if your clients have disposable income and children or grandchildren, and are looking for insurability protection, access to cash value, and a few tax benefits, juvenile whole life insurance could be the perfect product to add to your sales portfolio.
Your client, Peter, is a high net worth client in his late forties who is considering investment in a whole life insurance policy because of the associated tax benefits.
I have a whole life insurance policy but am looking to pick up additional term life insurance.