whole life insurance

  • 1 Whole life insurance — Whole Life Insurance, or Whole of Life Assurance (in the Commonwealth), 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. Contents 1 History… …

    Wikipedia

  • 2 whole life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. whole life insurance …

    Law dictionary

  • 3 whole life insurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …

    The Collaborative International Dictionary of English

  • 4 whole-life insurance — ➔ insurance …

    Financial and business terms

  • 5 whole-life insurance — noun A life insurance policy on which premiums are payable up to the death of the insured person • • • Main Entry: ↑whole …

    Useful english dictionary

  • 6 whole-life insurance — /ˌhəυl laɪf ɪnˌʃυərəns/, whole life policy /ˌhəυl laɪf ˌpɒlɪsi/ noun an insurance policy where the insured person pays a fixed premium each year and the insurance company pays a sum when he or she dies (also called ‘whole of life assurance’) …

    Dictionary of banking and finance

  • 7 whole 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 • Syn: ↑ordinary life insurance, ↑straight life insurance • Hypernyms: ↑life… …

    Useful english dictionary

  • 8 whole-life insurance — /hoʊl ˌlaɪf ɪnˈʃɔrəns/ (say hohl .luyf in shawruhns) noun a life insurance contract where the capital sum is only payable on the death of the insured. Also, whole of life insurance …

    Australian English dictionary

  • 9 whole life insurance — A form of life insurance that applies part of the premium payments to build an investment or savings value for the policy owner. The investment or savings value is called the cash surrender value of the policy. American Banker Glossary A contract …

    Financial and business terms

  • 10 whole life insurance. — See ordinary life insurance. * * * …

    Universalium

  • 11 whole life insurance. — See ordinary life insurance …

    Useful english dictionary

  • 12 Whole life insurance — 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. The New York Times Financial Glossary …

    Financial and business terms

  • 13 Whole Life Insurance Policy — A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder… …

    Investment dictionary

  • 14 life insurance — insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age. [1800 10] * * * Method by which large groups of individuals… …

    Universalium

  • 15 life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance …

    Law dictionary

  • 16 whole-life — ˈwhole life adjective [only before a noun] INSURANCE whole life insurance contracts, arrangements etc are ones in which the person whose life is insured pays a fixed sum each year, and the insurance company pays out a sum when that person dies: • …

    Financial and business terms

  • 17 Life insurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …

    The Collaborative International Dictionary of English

  • 18 Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …

    Wikipedia

  • 19 life insurance — noun insurance paid to named beneficiaries when the insured person dies in England they call life insurance life assurance • Syn: ↑life assurance • Hypernyms: ↑insurance • Hyponyms: ↑endowment insurance, ↑tontine, ↑ …

    Useful english dictionary

  • 20 life insurance — An insurance policy that pays a monetary benefit to the insured person s survivors after death. Bloomberg Financial Dictionary Insurance policy valid for a limited period (term life) or throughout the insured s life (whole life) whereby an… …

    Financial and business terms


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