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Glossary Index | Categories | Tagged Terms

Whole Life

Definition

  • A form of permanent life insurance that provides lifetime protection and consistent premiums. Whole life insurance can act as tax-efficient vehicle for transferring money to beneficiaries after the policyholder's death, whenever that might be.

Notes
A life insurance policy.

Acronyms
WL

Related Terms and Acronyms

  • Variable Whole Life (VWL) — Acronym, Very Important,
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