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Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Whole Life


A type of life insurance that provides coverage throughout the insured's entire lifetime, as long as renewal premiums are paid as specified in the policy. The premium payments remain level in most whole life insurance policies, unless otherwise specified in the contract. The cash values at any time are specified in the policy and guaranteed.

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