Whole life

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Whole life

  1. 1. Definition of Whole Life Insurance PolicyA life insurance contract with level premiums that has both an insurance and an investmentcomponent. The insurance component pays a stated amount upon death of the insured. Theinvestment component accumulates a cash value that the policyholder can withdraw or borrowagainst.Read more: http://www.investopedia.com/terms/w/wholelife.asp#ixzz1odgSRjYX

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