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Whole life insurance |
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Whole life insuranceIn the US, a life insurance policy, with level premiums, which provides a stated benefit on the death of the life insured and a savings element which accumulates a cash value. The dividends or interest are allowed to build up tax-deferred. The insured is able to redeem the cash value or borrow against it in what is known as a policy loan. Any part of a loan which is unpaid at the death of the insured is deducted from the face value.Similar MatchesWar Risk InsuranceWar Risk InsuranceSeparate insurance coverage against loss or damage due to acts of war (including objects left over from previous wars). Private Mortgage Insurance (PMI)Private Mortgage Insurance (PMI)Policy protecting the holder against loss resulting from default on a mortgage loan. Contract of insuranceContract of insuranceA contract between an insurer and the insured. The insurer agrees to pay money to the insured upon the occasion of given events in return for a single premium or regular premiums. Group insuranceGroup insuranceInsurance provided for company employees by employers. Items covered may include health insurance, disability insurance and term life insurance. It would be considerably more expensive for a single employee to obtain such insurance. Social security disability income insuranceSocial security disability income insuranceInsurance which provides income to disabled people incapacitated for one year or more. Benefits are payable up to the person's death. Further SuggestionsHomeowners insurance policyprivate medical insurance Guaranteed insurance contract Single premium life insurance buildings insurance Stock insurance company third party insurance Financial guarantee insurance indemnity insurance loss of income insurance Life insurance in force Cost, insurance, freight National Insurance Pension (State Pension) Insurance policy insurance premium Mortgage Insurance Insurance claim Blanket insurance policy deposit insurance casualty insurance Title insurance bank insurance fund Letting insurance variable life insurance Accident, Sickness and Unemployment insurance |
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