Definitions for "permanent life insurance"
is designed to provide lifelong protection with generally level premiums. There are three main types: whole, universal and variable. All permanent policies may accumulate cash value.
Any life insurance certificate that develops cash values.
A term used to describe various life insurance policies in force throughout an insured's lifetime provided premiums are paid. It also generally refers to insurance that accumulates cash value. Examples of permanent life insurance are whole life, universal life or variable universal life.
An umbrella term for a variety of plans that combine a death benefit similar...