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Definition of whole life insurance

whole life insurance

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• noun

1

A type of permanent life insurance policy that provides coverage for the insured person's entire lifetime and includes a tax-deferred cash value savings component alongside a guaranteed death benefit.

Example

"The financial advisor explained that whole life insurance carries higher premiums than a temporary policy because a portion of each payment builds cash value over time."

Synonyms
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Antonyms
View all antonyms for whole life insurance

• Nearby Words

whodunit
whoever
whole
whole life insurance
wholefood
wholegrain
wholehearted

Usage Trend

Historical frequency of usage in published text.

180019102020
Data source: Google Books Ngram Viewer

Cite this Entry

Wordmom. (2026). Definition of Whole life insurance. In Wordmom Dictionary. Retrieved Nov 7, 2026, from https://wordmom.com/dictionary/whole-life-insurance
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