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In Whole life policy, insurance claims are entertained in case of any eventuality of the policy holder during the tenure of the policy period only, like term assurance policy.

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Which of these is an element of limited payment life insurance

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Q: What is the description of whole life insurance?
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Related questions

What is the best description of whole life insurance?

purchased for the duration of a person's life and usually pays divided


Which of these is the best description of whole life insurance?

purchased for a set premium cost with the option of paying in more.


What is description of whole life insurance?

In Whole life policy, insurance claims are entertained in case of any eventuality of the policy holder during the tenure of the policy period only, like term assurance policy.


What is another word for whole life insurance?

You can call a whole life insurance policy as a "Non-Endowment Life Insurance Policy".


What is the difference between life insurance and whole life insurance?

The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.


Is life insurance an asset?

Only whole life insurance,not term life.


What is the difference between whole and universal life insurance?

Whole life insurance is less flexible then universal life insurance when it comes to premiums and payouts.


Where can one compare term life insurance versus whole life insurance?

There are many places where one can compare term life insurance versus whole life insurance. One can compare term life insurance versus whole life insurance at popular on the web sources such as Wealth Pilgrim and MSN Money.


Where can someone get term or whole life insurance?

One can get term or whole life insurance through various insurance agencies. Some insurance companies that provide term or whole life insurance include MetLife, AAA, and State Farm.


What is the difference between term life insurance vs whole life insurance?

A term life insurance is during the insurer's life only. When he or she is gone, then the insurance ends. The whole life insurance on the other hand has what the term life insurance covers plus more.


Where can one get whole life insurance?

New York Life if one reputable company which offers whole life insurance. You can apply and receive quotes for whole life insurance policies online or by contacting a representative.


Which of these types of insurance is also known as ordinary or straight life insurance?

whole life insurance...


What types of insurance is also known as ordinary or straight life insurance?

whole life insurance


Where can one find an explanation of whole life insurance?

One can find an explanation of whole life insurance at virtually any life insurance company's website or at their company's location. Examples of whole life insurance companies are MetLife, Geico, and Farmers.


How can one define whole life insurance?

Whole life insurance varies from term life insurance because it is valid for the insured's entire life instead of just for a specified amount of time. Whole life insurance typically has premiums due each year.


Where can someone go where whole life insurance is explained?

One of the best companies to approach to have whole life Insurance explained is Swinton Insurance. They have offices in many locations and are experts in all aspects of whole life Insurance. Alternatively you could contact Sainsburys or Tesco's who both deal in whole life insurance.


What is the definition of the term 'whole life insurance'?

A whole life insurance provides coverage for an individual's whole life. A savings components which builds overtime and can be used for wealth accumulation. Whole life is the most basic form of cash value insurance.


What are the main differences of term life insurance vs whole life insurance?

A life insurance is only good for life coverage, when you die an amount of money is given. Whole life insurance includes investments you have. Such as stock market.


What type of insurance can be borrowed against term or whole life?

Whole Life


What is the difference between term and whole life insurance if there is any?

The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.


What is the difference between whole life insurance versus term life insurance?

Term life insurance is an insurance that is set for a specific time period, for example, one can obtain term life insurance for 30 years. Whole life insurance covers one from application to death.


What types of Whole Life insurance policies does More Than offer?

There are many insurance companies that offer Whole of Life policies. At the current time More Than do not offer whole of life insurance policies instead they offer term insurance.


Does Gerber offer whole life insurance or only childrens life insurance?

Yes, Gerber offers both children's insurance and whole life insurance policies for the whole family. It only takes a brief application to get a quote right away.


What companies provide whole life insurance?

You have many options when shopping for whole life insurance. Places such a MetLife, Colonial Penn, New York Life, and Guardian all offer whole life insurance with different rates and terms.


What kind of life insurance should you get?

When deciding what type of life insurance to get, someone can choose between term and whole life insurance. Term insurance pays out when a person dies and whole life can be cashed in if you need the money early.