Definition of whole life insurance in English:

whole life insurance

Syllabification: whole life in·sur·ance

noun

  • Life insurance that pays a benefit on the death of the insured and also accumulates a cash value. Compare with term life insurance.
    More example sentences
    • The percentage of expenses to premiums for whole life insurance usually varies between 10 percent to 40 percent.
    • Young breadwinners simply cannot afford adequate protection with whole life insurance and, typically, end up either grossly underprotected with a lapsed policy or both.
    • Currently, he has a $250,000 whole life insurance policy with Northwestern Mutual that is $190 per month.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little