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Whole life insurance
/hoʊl
laɪf
ɪnʃˈʊrəns/
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Whole life insurance
noun
1.
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.
Synonyms:
ordinary life insurance
,
straight life insurance
.
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Etymology of 'Whole life insurance'
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