whole-life

adjective
\ ˈhōl-ˈlīf \

Definition of whole-life 

: of, relating to, or being life insurance with a fixed premium for the life of the policyholder and a cash value that can be redeemed on sale of the policy or can be the basis of low-interest loans

First Known Use of whole-life

1832, in the meaning defined above

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The first known use of whole-life was in 1832

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occurring twice a year or every two years

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