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Converting your term life insurance into a whole life policy can open up new possibilities for long-term coverage, but it’s not a one-size-fits-all solution. Here’s a closer look at the ...
Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called "straight life" or "ordinary life", is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. [1]
Whole life insurance offers permanent coverage, while term life insurance offers temporary coverage. As long as premiums are paid and the terms of the policy are met, the whole life policy will ...
Benefits. Term Life Insurance. Whole Life Insurance. Duration. Varies; can last for a period of years or to a specific age. Life. Cost. Variable, but usually lower than whole life policies
Whole life insurance is the most basic form of permanent life insurance coverage. With traditional whole life insurance, both the premium and death benefit typically remain unchanged.
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
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- 100 W. Old Wilson Bridge Road, Worthington, OH · Directions · (614) 785-1122
