Whole life insurance Sunday, June 18, 2006
Life insurance that remains in force during the insured's entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance also builds a savings element (called the cash value) as a result of the level premium approach to funding the death benefit.
Whole Life Insurance is also know as Ordinary, Standard or Permanent life insurance. Unlike term insurance, whole life insurance provides insurance coverage for the lifetime of the insured. Whole life insurance policies also provide tax-deferred buildup of cash value, payable upon surrender or payment default.
A permanent life insurance product offering guaranteed death benefits and guaranteed cash values.
Life insurance that provides coverage for an individual's whole life, rather than a specified term. A savings component, called cash value or loan value, builds over time and can be used for wealth accumulation.
A plan of insurance for life, with premiums payable for a person's entire life.
A life insurance policy under which a cash surrender value is generated and grows, with future premium payments and stated interest accruals credited by the company.
Permanent insurance which provides coverage for the life of the insured, provided premiums are paid as specified in the policy. Whole Life insurance will pay a death benefit upon the insured's death or a cash endowment upon policy maturity that is equal to the death benefit.
Also called Ordinary Life, a type of life insurance policy continuing throughout the policyholder's lifetime and payable upon death or when one attains a specified age.
The most common type of permanent life insurance, with fixed premiums, a fixed guaranteed rate of return, and guaranteed cash values. Premiums must generally be paid as long as the policy is in force.
Combines life insurance with a savings plan. Premiums are fixed and the policy remains in force as long as you continue paying your premiums.
Whole Life Insurance is life insurance that is kept in force for a person's whole life as long as the scheduled premiums are maintained. All Whole Life policies build up cash values. Most Whole Life policies are guaranteed as long as the scheduled premiums are maintained. The variable in a Whole life Policy is the dividend which could vary depending on how well the insurance is doing. ...
The oldest kind of cash value life insurance that combines protection against premature death with a savings account. Premiums are fixed and guaranteed and remain level throughout the policy’s lifetime.
An insurance policy that will cover you for your whole life, no matter how long that happens to be. Because this is maximum coverage, it is also more expensive than term life insurance.
This kind of insurance provides coverage for your entire life. Part of the premium payments are used to build up savings over time.
Whole Life Insurance is the classic form of permanent life. It provides coverage throughout the insured's lifetime, at a uniform premium rate that does not increase with age.
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
posted by your Insurance @ 9:46 AM,
