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 ?
The new products join Keystone Foundation whole life insurance in the Ameritas whole life portfolio.
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.
Including a whole life insurance policy in the plan may be a sound strategy for a individual business owner looking for life insurance protection.
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.
As a newly-born enterprise, only three types of insurances are found on the company's product list, so far, namely mortgage insurance, whole life insurance and term insurance.
Matrix Direct offers term life insurance, return of premium term life insurance, whole life insurance, universal life insurance, permanent life insurance, estate planning insurance, disability insurance, and accidental death insurance (no medical exam).
Whole life insurance sales improved 6 percent in the third quarter of 2010 and grew 15 percent in the first nine months of 2010, according to LIMRA's U.
While whole life insurance sales are up now, and MassMutual remains committed to the product, we realize public memory can be short," he said.