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whole life insurance

noun

Simple Definition of whole life insurance

  • : a type of life insurance that costs the same as long as the insured person is alive and that pays benefits to survivors when the person has died

Source: Merriam-Webster's Learner's Dictionary

Full Definition of whole life insurance

  1. :  a type of life insurance that costs the same as long as the insured person is alive and that pays benefits to survivors when the person has died

Word by Word Definitions

wholeplay
  1. :  free of wound or injury :  unhurt

    :  recovered from a wound or injury :  restored

    :  being healed

  1. :  a complete amount or sum :  a number, aggregate, or totality lacking no part, member, or element

    :  something constituting a complex unity :  a coherent system or organization of parts fitting or working together as one

  1. :  wholly, entirely

    :  as a complete entity

lifeplay
  1. :  the quality that distinguishes a vital and functional being from a dead body

    :  a principle or force that is considered to underlie the distinctive quality of animate beings

    :  an organismic state characterized by capacity for metabolism, growth, reaction to stimuli, and reproduction

  1. :  of or relating to animate being

    :  lifelong

    :  using a living model

insuranceplay
  1. :  the business of insuring persons or property

    :  coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril

    :  the sum for which something is insured

  1. :  being a score that adds to a team's lead and makes it impossible for the opposing team to tie the game with its next score


Law Dictionary

whole life insurance




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