whole life insurance

noun

: a type of life insurance that costs the same as long as the insured person is alive and that pays benefits to survivors when the person has died

Examples of whole life insurance in a Sentence

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Northwestern Mutual® is one of the largest issuers of life insurance policies in the U.S., offering term life insurance, whole life insurance, universal life insurance and variable universal life insurance, along with high financial strength and customer satisfaction ratings. Elizabeth Gravier, CNBC, 20 Nov. 2024 Read more The best cheap life insurance companies Term and whole life insurance: Which is right for you? Liz Knueven, CNBC, 4 Nov. 2024 This can include long-term care insurance or whole life insurance with a long-term care rider. Ryan Ermey, CNBC, 14 Oct. 2024 Life Insurance Life insurance, particularly whole life insurance, is often overlooked as a generational wealth-building tool but can provide both long-term protection and financial benefits. True Tamplin, Forbes, 11 Sep. 2024 Here’s a summary of what advisers said Walz did right, based on what has been released: Two whole life insurance policies valued at $15,000 to $50,000 each. Medora Lee, USA TODAY, 14 Aug. 2024 Instead, the former teacher and congressman’s assets consisted mostly of pensions, whole life insurance and college savings, a 2019 filing showed. Medora Lee, USA TODAY, 14 Aug. 2024 Other assets disclosed in 2019 included a college savings plan, a state teacher pension and a whole life insurance policy. Tribune News Service, The Mercury News, 9 Aug. 2024 The disclosures show Walz making regular payments into the value of whole life insurance policies until at least 2013, but those payments later stopped. Dan Mangan, CNBC, 7 Aug. 2024

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Cite this Entry

“Whole life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/whole%20life%20insurance. Accessed 2 Dec. 2024.

Legal Definition

whole life insurance

see life insurance

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