See Also: Whole life insurance(money)
Life insurance(finance)
Whole life insurance(finance)
life insurance(dictionary)
insurance, life(medicine)
Life insurance(money)
life insurance(encyclopedia)
Permanent life insurance(finance)
Variable life insurance(finance)
Term life insurance(money)

Whole life insurance (money)


Definition: [crh] A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that theDefinition: policyholder can redeem or borrow against.