Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), is a life insurance policy that remains in force for the insured`s whole life and requires (in most cases) premiums to be paid every year into the policy. ==Non-participating== All values related to the policy (death benefits, cash surrender values, premiums) are u....
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An insurance contract where the benefit is payable on death, whenever it occurs. Distinct from term insurance, which pays out only if death occurs within a specific period
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(from the article `life insurance`) Whole life insurance, which runs for the whole of the insured`s life, is established with a fixed premium and a fixed payout amount. Most whole life ... ...are sold. Term insurance contracts, issued for specified periods of years, are the simplest. Protection under these contracts expires at the end ....
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http://www.britannica.com/eb/a-z/w/34
A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder can redeem or borrow against.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosw.htm
A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder can redeem or borrow against.
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Broker-dealer firms that disdain practices such as hostile takeovers.
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In the US, a life insurance policy, with level premiums, which provides a stated benefit on the... <a target=_blank href='http://www.finance-glossary.com/terms/whole-life-insurance.htm?id=1537&ginPtrCode=00000&PopupMode=false' title='Read full definition of whole life insurance'>more</a>
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Life insurance that provides coverage for the entire life of the policyholder, who pays the same fixed premium throughout his or her life. The policy builds up cash reserves that may be paid out to the policyholder when he or she surrenders or partially surrenders the policy or uses the cash reserves to fund low-interest loans. The annual increase ...
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http://www.nolo.com/dictionary/whole-life-insurance-term.html
ordinary life insurance noun 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
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