(See: ordinary insurance.)
Life insurance which is available to individuals in relatively unrestricted maximum death benefit amounts, and premiums may be paid monthly or less frequently.----------[ Back
A type of life insurance where premiums are paid continuously over the lifetime of the insured at predetermined intervals (e.g., annually, quarterly or monthly). Once one of the most popular forms of life insurance, it has been recently displaced by newer products such as universal and variable life insurance.
Permanent insurance that provides for the payment of proceeds at death or at policy maturity (if the insured is still living at that time). Also known as Whole Life Insurance.
Policy that remains in full force and effect for the life of the insured, with premium payments being made for the same period.
insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
Life insurance which is owned by an individual and usually has a face amount of more than $1,000.
Another name for ordinary or whole-life insurance, it has two things combined into one policy: life insurance coverage and cash accumulation. Each premium paid funds both aspects. Ordinary Life Insurance is actually an endowment policy. p 155, 161
life insurance usually issued in amounts of $l,000 or more to an individual policyholder
(See Whole life insurance)
Also called whole or permanent life insurance, ordinary life insurance is a type of life insurance that remains in force throughout the lifetime of the insured... read full article
A form of whole life insurance for which premiums are paid throughout the insured's lifetime. See Whole Life Insurance.
Life insurance usually issued in amounts of $1,000 or more with premiums payable on an annual, semi-annual, quarterly or monthly basis. Compare Whole Life and Straight Life: The three terms are applied to the type of policy which continues during the whole of the insured's life and provides for the payment at death of an amount insured. [MORE
This is the most common type of permanent life insurance. With this type of policy, premiums generally remain constant over the life of the policy and must be paid periodically in the amount specified in the policy.
Life insurance that remains in force during the insuredâ€(tm)s entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance also builds a savings called the cash value.
Life insurance of the commercial companies not issued on the weekly premium basis. Under ordinary insurance the premiums are not collected weekly and the amount of protection is usually $1,000 or more.
A life insurance policy that remains in force for the policyholder's lifetime. It contrasts with term insurance, which only lasts for a specified number of years but is renewable.
