Sentences with phrase «most whole life insurance policies specify»
Most whole life insurance policies specify a «surrender value», which varies depending upon how long the policy has been in force and premiums paid.
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It typically provides the most affordable coverage for the specified time, and thus is a great solution for those looking to protect their assets and families while unable to commit to a whole life insurance policy.
Whole life insurance: The most common type of permanent life insurance, in which premiums generally remain constant over the life of the policy and must be paid periodically in the amount specified in the policy.