Traditional Life Insurance is Whole Life that has cash value and is guaranteed to remain in effect for one's entire life, as long as premiums are paid. Term life is not considered traditional life insurance, per this definition.
However, sometimes Term life insurance is sometimes referred to as "traditional term" when offered by some group policies. This does not mean that these Term policies have a cash value.
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However, sometimes Term life insurance is sometimes referred to as "traditional term" when offered by some group policies. This does not mean that these Term policies have a cash value.