All forms of life insurance other than term insurance.
A life insurance contract that is designed to go to age 100. These policies build cash value.
Any insurance but term, this usually builds up a cash value.
Insurance that does not expire after a pre-specified term. Usually the duration of a permanent insurance policy is for the insured's "whole life"; until death, or age 100, whichever comes first. (Permanent insurance includes: whole life, universal life, and variable life)
Life insurance that provides coverage for an individual's entire life (as opposed to a specified term). Permanent life insurance offers tax-deferred accumulation and income-tax-free-death-benefit. Universal, variable universal and whole life insurance are all forms of permanent life insurance.
Insurance intended to provide life insurance protection for the entire life of the insured. Permanent insurance differs from term insurance in that its premium structure includes a “savings component.” Permanent insurance policy premiums have two components, the insurance cost (mortality cost, administrative fees, sales loads, etc.) and the “savings component.” The “savings component” typically is referred to as cash value. The policyholder may use the cash value to make the minimum premium payments necessary to maintain the death benefit protection, may access the cash value by taking out loans or making partial surrenders, or may use any combination of these techniques. If permanent insurance is surrendered before death, a surrender charge may be assessed against the cash value. Generally, surrender charges are assessed if the policy is surrendered within the first 10 or 15 years. The amount of money a policyholder will receive upon surrendering a policy is referred to as the cash surrender value (CSV).
Life insurance that provides coverage throughout the insured's lifetime and also provides an accumulation/cash value feature.
A category of life insurance that can provide potection for your lifetime, including whole life and universal life.
A policy that provides coverage throughout the insured's lifetime, with no policy expiration date, as long as premium payments are made. This policy may also build cash value.
Life insurance that continues during the insured's lifetime and also provides a savings element that builds a cash value; generally, this includes any form of life insurance except term insurance.
Any form of life insurance except term; generally insurance that builds up a cash value, such as whole life. Universal life and whole life are types of permanent life insurance.
A life insurance policy that lasts until the death of the insured, regardless of whether or not they still work for the company. This type of policy also accrues cash value that can be used for retirement or other expenses of the insured. This type of policy is more expensive than term life insurance and is usually not offered in small businesses.
Any form of life insurance except term; generally, insurance that accrues cash value such as whole life or endowment.
A phrase used to cover any form of life insurance except term; generally accrues cash value, such as whole life or endowment.
Cash value life insurance that provides lifetime coverage, such as a Whole Life or Endowment Insurance.
A term loosely applied to life insurance policy forms other than Group and Term, usually Cash Value Life Insurance, such as Whole Life Insurance.
Permanent life insurance, also known as cash value life insurance, is life insurance in which a portion of the premium you pay will be put into a savings or other investment account on behalf of your policy. See also: cash value, cash surrender value, and cash value life insurance.
A term used for a life insurance policy other than term and universal, with a cash value also known as whole life.
Any form of life insurance except term or group
See: Whole Life Insurance.
Life insurance that provides coverage throughout the insured's lifetime and also provides a savings element (cash value)..
A type of life insurance plan that includes a death benefit, and typically, a cash value component.
Any form of life insurance except term; generally insurance that builds up a cash value, such as whole life. Read more about Whole Life Insurance.
Life insurance that provides coverage throughout the insured's lifetime, provided premiums are paid as stated in the policy, and also provides a savings element. Contrast with term life insurance.
Type of life insurance (other than term insurance) which accrues cash value and is designed for long-term, or permanent, needs of a policy holder. Includes universal and variable life, among others.
Life insurance designed to provide lifelong financial protection. As long as the person pays the necessary premiums, the death benefit will be paid. Most permanent policies have a feature known as cash value that builds up, tax-deferred, over the life of the policy and can be used to help fund financial goals, such as retirement or education expenses.
The term permanent life insurance, also known as Whole or cash value life insurance, is life insurance where a portion of your premium goes into an investment or savings account on behalf of your policy. This amount builds until it reaches the face value of the policy.
Insurance that covers the entire life of the insured person, as long as the premiums are paid. This type of insurance also builds up a cash value.
Permanent life insurance is "whole life" insurance. Permanent insurance is more costly than term because it builds cash value and is designed to last a lifetime. The premiums and death benefits are generally fixed for the insured's lifetime.
A type of life insurance that combines a death benefit with a cash value component that builds over time; offers lifetime protection.
This type of insurance usually has premiums for the life of the policy and Cash Value build-up. As long as the premiums are paid, the policy will continue for the "whole life" of the insured. Common forms of permanent insurance are Whole Life, Universal Life, Variable Universal Life.
The type of life insurance that develops cash value and includes whole life, universal life, and variable life insurance.
Life insurance that provides continuing coverage for the insuredâ€(tm)s entire life, rather than for a set number of years. Permanent life insurance may accrue values that the owner can withdraw or use to increase the death benefit.
Life insurance coverage for which the policyholder pays an annual premium, generally for the life of the insured. This type of policy features a savings component, known as the cash surrender value.
Any form of life insurance except term; generally insurance that builds up a cash value, such as whole life. Coverage can last a lifetime.
Any plan of life insurance that is designed to last throughout the life of the insured. Permanent life insurance is characterized by level premiums, cash values and non-forfeiture options.
Life long, cash value coverage that provides payment of benefits upon death, such as a whole life or endowment contract.
Permanent insurance solutions allow you to insure against the unexpected while increasing the value of your investment over time. Advantages include tax-advantaged investment growth and tax-free insurance benefits.
Life insurance with a cash value, such as whole life or variable life. Permanent life insurance generally refers to most forms of life insurance other than term.
Also referred to as whole life insurance. A life insurance policy providing life insurance and a cash value. The policy covers the insurer for their entire life.
Permanent life insurance is a form of life insurance such as whole life or endowment, where the policy is for the life of the insured, the payout is assured at the end of the policy (assuming the policy is kept current) and the policy accrues cash value.