WHOLE LIFE INSURANCE


Meaning of WHOLE LIFE INSURANCE in English

A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder can redeem or borrow against.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.