- whole-of-life insurance
- An insurance policy that covers you for your entire life. It is not like term insurance, which only lasts for a set period. Financial Services Glossary
Financial and business terms. 2012.
whole-of-life insurance
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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 …
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
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
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
whole life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. whole life insurance … Law dictionary
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
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
whole-life insurance — ➔ insurance … Financial and business terms
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
whole-of-life — UK US adjective [before noun] INSURANCE ► WHOLE LIFE(Cf. ↑whole life) … Financial and business terms
