whole life insurance
noun
: 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
Examples of whole life insurance in a Sentence
Recent Examples on the Web
However, whole life insurance tends to be expensive; the average monthly premium for a $500,000 whole life policy is about $440, according to Policygenius.
—
Kori Hale, Forbes, 14 Mar. 2025
For $1 million of coverage, a healthy 30-year-old can expect to pay between $800 and $900 per month for a whole life insurance policy, while the same 30-year-old could expect to pay about $37 and $49 per month for a term life insurance policy, according to Policygenius.
—Liz Knueven, CNBC, 25 Feb. 2025
Yes, Amica offers whole life insurance products with face values of up to $1 million.
—Liz Knueven, CNBC, 12 Feb. 2025
Mutual of Omaha doesn’t issue standard whole life insurance or joint life insurance for couples.
—Liz Knueven, CNBC, 31 Jan. 2025
Here are our picks for the best companies for whole life insurance.
—Liz Knueven, CNBC, 27 Dec. 2024
Read more The best term life insurance companies Guardian life insurance review
Term vs. whole life insurance: Which is better?
—Liz Knueven, CNBC, 29 Nov. 2024
Key Considerations: · Choose between term life and whole life insurance based on your needs.
—Melissa Houston, Forbes, 28 Nov. 2024
Northwestern Mutual® is one of the largest issuers of life insurance policies in the U.S., offering term life insurance, whole life insurance, universal life insurance and variable universal life insurance, along with high financial strength and customer satisfaction ratings.
—Elizabeth Gravier, CNBC, 20 Nov. 2024
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Kori Hale, Forbes, 14 Mar. 2025
For $1 million of coverage, a healthy 30-year-old can expect to pay between $800 and $900 per month for a whole life insurance policy, while the same 30-year-old could expect to pay about $37 and $49 per month for a term life insurance policy, according to Policygenius.
—Liz Knueven, CNBC, 25 Feb. 2025
Yes, Amica offers whole life insurance products with face values of up to $1 million.
—Liz Knueven, CNBC, 12 Feb. 2025
Mutual of Omaha doesn’t issue standard whole life insurance or joint life insurance for couples.
—Liz Knueven, CNBC, 31 Jan. 2025
Here are our picks for the best companies for whole life insurance.
—Liz Knueven, CNBC, 27 Dec. 2024
Read more The best term life insurance companies Guardian life insurance review
Term vs. whole life insurance: Which is better?
—Liz Knueven, CNBC, 29 Nov. 2024
Key Considerations: · Choose between term life and whole life insurance based on your needs.
—Melissa Houston, Forbes, 28 Nov. 2024
Northwestern Mutual® is one of the largest issuers of life insurance policies in the U.S., offering term life insurance, whole life insurance, universal life insurance and variable universal life insurance, along with high financial strength and customer satisfaction ratings.
—Elizabeth Gravier, CNBC, 20 Nov. 2024
Cite this Entry
“Whole life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/whole%20life%20insurance. Accessed 7 May. 2025.
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