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whole life insurance

/ˈhəʊl laɪf ɪnˈʃʊərəns/

1 entry

phrase

/ˈhəʊl laɪf ɪnˈʃʊərəns/C1formalbusiness
  • ruВид полиса постоянного страхования жизни, который обеспечивает покрытие на весь период жизни застрахованного при условии уплаты взносов и обычно включает накопительный компонент, растущий со временем.

A type of permanent life insurance policy that provides coverage for the insured's entire lifetime, as long as premiums are paid, and typically includes a cash value component that grows over time.

  1. Permanent life insuranceB2formal

    A type of life insurance policy that provides coverage for the insured's entire lifetime, as long as premiums are paid, and includes a cash value component that grows over time.

    ruПожизненное страхование жизни

    • He purchased a whole life insurance policy to ensure his family is protected.
    • The cash value of whole life insurance can be borrowed against.
    • Whole life insurance premiums are typically higher than term life insurance.