Definition for Whole life insurance
From Biology Forums Dictionary
Revision as of 11:30, 29 June 2017 by Bio man (Talk | contribs) (Created page with "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 the policyholder...")
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 the policyholder can redeem or borrow against.
