What is 'Whole Life Insurance'?

Whole life insurance provides coverage for the life of the insured and offers a savings component for the accumulation of cash value. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | INVESTOPEDIA Whole Life Insurance Whole life insurance provides coverage for the life of the insured. In addition to providing a death benefit, whole life also contains a savings component where cash value may accumulate. These policies are also known as permanent or traditional life insurance. Breaking it Down: The most common of life insurance products, whole life insurance guarantees payment of a death benefit to beneficiaries in exchange... Read More » Related to "Whole Life Insurance" Life Insurance: Variable Vs. Variable Universal Do you know why you might need one policy versus the other? Read on to find out the difference between Variable and Variable Universal life insurance. Read More » Permanent life policies: Whole versus universal If you're looking for life-long security, choosing between these whole and universal life policies is a key decision. Read More » Life insurance versus annuity Are you thinking of buying insurance? There are certain scenarios in which investing in insurance is a savvy move. But expect a big chunk of your money to go toward fees. Read More » Related Definitions Universal Life Insurance Universal life insurance is permanent life insurance featuring an investment savings component and low premiums. Read More » Adjustable Life Insurance Adjustable life insurance is a term and whole life hybrid insurance plan that allows policyholders the option to adjust policy features. Read More » Term Life Insurance Term life insurance is a type of life insurance that guarantees payment of a death benefit during a specified time period. Read More » Variable Universal Life Insurance (VUL) Variable universal life insurance (VUL) is a permanent life insurance policy with a savings component in which cash value can be invested. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com If you wish to unsubscribe, please click here, or manage subscriptions 114 West 41st St, floor 8 New York NY 10036 © 2018, Investopedia, LLC, All Rights Reserved | Privacy Policy