whole life insurance Antonyms
No Synonyms and anytonyms found
Meaning of whole life insurance
whole life insurance (n)
insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
whole life insurance Sentence Examples
- Whole life insurance provides lifelong coverage, guaranteeing financial protection for your loved ones throughout your entire life.
- Unlike term life insurance, which has a set coverage period, whole life insurance offers permanent coverage for the rest of your life.
- Whole life insurance premiums are typically higher than term life insurance due to the extended coverage period and guaranteed benefits.
- You can build up a cash value component in a whole life insurance policy that you can borrow against or withdraw for emergencies.
- The cash value in a whole life insurance policy grows at a guaranteed interest rate, providing a stable source of savings.
- Whole life insurance can be a valuable estate planning tool, ensuring that your beneficiaries receive a tax-free death benefit.
- If you pass away unexpectedly, whole life insurance can provide a substantial lump sum payment to cover funeral expenses and other debts.
- Some whole life insurance policies offer living benefits that can provide financial assistance in case of critical illness or long-term care expenses.
- It's crucial to carefully consider your financial goals and budget when deciding if whole life insurance is the right choice for you.
- An experienced financial advisor can help you determine if whole life insurance aligns with your insurance and financial needs.
FAQs About the word whole life insurance
insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insure
No synonyms found.
No antonyms found.
Whole life insurance provides lifelong coverage, guaranteeing financial protection for your loved ones throughout your entire life.
Unlike term life insurance, which has a set coverage period, whole life insurance offers permanent coverage for the rest of your life.
Whole life insurance premiums are typically higher than term life insurance due to the extended coverage period and guaranteed benefits.
You can build up a cash value component in a whole life insurance policy that you can borrow against or withdraw for emergencies.
