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 | Words to Know | | |  | | 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. | | Read More » | | Related to "Whole Life Insurance" | | | | SPONSORED BY INVESCO | | The Complete Guide to ETFs | | ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. | | Learn More » | | | Rider | | A rider is an insurance policy provision that adds benefits to or amends the coverage or terms of a basic insurance policy. | | Read More » | | | Net Amount at Risk | | Net amount at risk is the monetary difference between the death benefit paid by a permanent life insurance policy and the accrued cash value. | | Read More » | | | Death Benefit | | A death benefit is an amount on a life insurance policy or pension that is payable to the beneficiary when the annuitant passes away. | | Read More » | | | Policy Loan | | A policy loan is issued by an insurance company and uses the cash value of a person's life insurance policy as collateral. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
:max_bytes(150000):strip_icc()/thinkstockphotos-178143327-5bfc2b16c9e77c005143dcd0.jpg)
No comments:
Post a Comment