What Does Whole Life Mean In Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Whole Life means life insurance that lasts the person's "whole life". It is a form of permanent life insurance that puts part of the premium toward pure insurance protection, and part of the premium into an accumulated cash value. If paid on time and loans are repaid, the policy will stay in effect until death at any age, or the face amount can be taken when the policy endows (usually at age 100).
    Answered on July 19, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>