whole (of) life policy

См. также в других словарях:

• whole life policy — whole of life policy A life assurance policy that pays a specified amount on the death of the life assured. Benefits are not made for any other reason and the cover continues until the death of the life assured, provided the premiums continue to… …   Big dictionary of business and management

• Traditional Whole Life Policy — A type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never …   Investment dictionary

• 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

• Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

• 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

• whole-life — ˈwhole life adjective [only before a noun] INSURANCE whole life insurance contracts, arrangements etc are ones in which the person whose life is insured pays a fixed sum each year, and the insurance company pays out a sum when that person dies: • …   Financial and business terms

• life — That state of animals, humans, and plants or of an organized being, in which its natural functions and motions are performed, or in which its organs are capable of performing their functions. The interval between birth and death. The sum of the… …   Black's law dictionary

• life — That state of animals, humans, and plants or of an organized being, in which its natural functions and motions are performed, or in which its organs are capable of performing their functions. The interval between birth and death. The sum of the… …   Black's law dictionary

• whole-life insurance — /ˌhəυl laɪf ɪnˌʃυərəns/, whole life policy /ˌhəυl laɪf ˌpɒlɪsi/ noun an insurance policy where the insured person pays a fixed premium each year and the insurance company pays a sum when he or she dies (also called ‘whole of life assurance’) …   Dictionary of banking and finance

• life assurance — An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life… …   Big dictionary of business and management

• whole life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. whole life insurance …   Law dictionary