Ads
related to: whole life policy- Term Life Insurance
Temporary Insurance Coverage.
Customizable Features & Options.
- Retirement Income
Guaranteed Lifetime Income.
Protect Your Retirement Today.
- Universal Life Insurance
Get Protection for a Longer Period
Than Typical Term Coverage.
- Consult an Agent
Our Agents Are Here For You.
Consult a New York Life Agent Today
- Term Life Insurance
Search results
Results From The WOW.Com Content Network
Whole life insurance. Whole life insurance, or whole of life assurance (in the Commonwealth of Nations ), sometimes called "straight life" or "ordinary life", is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. [ 1]
Whole life policies consist of two parts: the death benefit — which is the lump sum your beneficiary receives — and cash value, which is a built-in savings and investing feature.
Whole life insurance is a permanent policy that remains in force for your entire life, as long as premiums are paid and guarantees a death benefit. Whole life insurance policies may cost five to ...
A whole life policy is designed to last your entire life as long as you pay your premiums and meet the terms of the policy. Whole policies also offer a cash value component and may earn dividends.
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal ...
Term life insurance can be contrasted to permanent life insurance such as whole life, universal life, and variable universal life, which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse due to failure to pay premiums. Term insurance is not generally used for estate planning ...
Ads
related to: whole life policy