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 The Tax Policy Center’s Steven Rosenthal, a liberal critic of other laws that allow wealthy people to shelter their money from taxes, questioned the senators’ allegations of illegality, pointing out that more common whole life insurance policies also allow a limited investor role for buyers. Julie Zauzmer Weil, Washington Post, 21 Feb. 2024 Part of that could entail a whole life insurance plan, says Tallou. Byalicia Adamczyk, Fortune, 10 Feb. 2024

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Cite this Entry

“Whole life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/whole%20life%20insurance. Accessed 26 Apr. 2024.

Legal Definition

whole life insurance

see life insurance

Last Updated: - Updated example sentences
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