GLOSSARY OF FINANCIAL & INVESTMENT TERMS
A-B C-D E-F G-H I-J K-L M-N O-P Q-R S-T U-V W-X Y-Z
Whole Life Insurance |
A whole life insurance policy is a permanent life policy under which the premium tends to remain constant over the life of the insured. A portion of the premium goes into a cash reserve that earns a dividend or rate of interest and is paid to you when you cash in (surrender) the policy. |
