Whole Life Insurance Definition at Life

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Whole Life Insurance Definition. The payments you make on your whole life policy should remain the same for life. Definition of whole life insurance.

2020 Guide to Term Life vs Whole Life Insurance
2020 Guide to Term Life vs Whole Life Insurance from www.lhlic.com

Whole life insurance is a type of permanent life insurance contract that covers the insured individual — usually the policy owner — until they die or reach 100 years of age, whichever occurs first. Whole life insurance is a kind of permanent life insurance, i.e. It's also known as cash value life insurance.

2020 Guide to Term Life vs Whole Life Insurance

What is whole life insurance? Definition of whole life insurance. Whole life is a type of permanent life insurance, meaning it's meant to be kept for the rest of your life. It's also known as cash value life insurance.