Life insurance that pays a benefit on the death of the insured and also accumulates a cash value.
Compare with term life insurance
Example sentencesExamples
For some policies - like whole life insurance - you could wait 20 years to break even!
They basically consist of three categories: whole life insurance, term life insurance and universal life insurance.
If you're setting aside money to leave as an inheritance, first check term and whole life insurance policies, particularly if you're young.
This type of whole life insurance puts your premiums in short-term investments.
Many younger people don't realize how beneficial whole life insurance can be to them simply because of their age.
Young breadwinners simply cannot afford adequate protection with whole life insurance and, typically, end up either grossly underprotected with a lapsed policy or both.
The percentage of expenses to premiums for whole life insurance usually varies between 10 percent to 40 percent.
The purchase of a whole life insurance policy on a child can be compared to using a seatbelt for your children.
Most financial service professionals recommend including whole life insurance as part of your financial plan, but how much insurance is going to take some research and advice from a professional.
Currently, he has a $250,000 whole life insurance policy with Northwestern Mutual that is $190 per month.
Definition of whole life insurance in US English:
whole life insurance
noun
Life insurance that pays a benefit on the death of the insured and also accumulates a cash value.
Compare with term life insurance
Example sentencesExamples
The purchase of a whole life insurance policy on a child can be compared to using a seatbelt for your children.
If you're setting aside money to leave as an inheritance, first check term and whole life insurance policies, particularly if you're young.
They basically consist of three categories: whole life insurance, term life insurance and universal life insurance.
Most financial service professionals recommend including whole life insurance as part of your financial plan, but how much insurance is going to take some research and advice from a professional.
The percentage of expenses to premiums for whole life insurance usually varies between 10 percent to 40 percent.
Young breadwinners simply cannot afford adequate protection with whole life insurance and, typically, end up either grossly underprotected with a lapsed policy or both.
This type of whole life insurance puts your premiums in short-term investments.
Many younger people don't realize how beneficial whole life insurance can be to them simply because of their age.
Currently, he has a $250,000 whole life insurance policy with Northwestern Mutual that is $190 per month.
For some policies - like whole life insurance - you could wait 20 years to break even!