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whole life insurance definition from the Dictionary of Words

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Found 2 hits - Term: whole life insurance, Database: *, Strategy: prefix
[1] : The Collaborative International Dictionary of English v.0.48
insurance \insur"ance\, n. from insure.
   1913 webster
   1. the act of insuring, or assuring, against loss or damage
      by a contingent event; a contract whereby, for a
      stipulated consideration, called premium, one party
      undertakes to indemnify or guarantee another against loss
      by certain specified risks. cf. assurance, n., 6.
      1913 webster

   note: the person who undertakes to pay in case of loss is
         termed the insurer; the danger against which he
         undertakes, the risk; the person protected, the
         insured; the sum which he pays for the protection, the
         premium; and the contract itself, when reduced to form,
         the policy. --johnson's cyc.
         1913 webster

   2. the premium paid for insuring property or life.
      1913 webster

   3. the sum for which life or property is insured.
      1913 webster

   4. a guaranty, security, or pledge; assurance. obs.
      1913 webster

            the most acceptable insurance of the divine
            protection.                           --mickle.
      1913 webster

   5. hence: any means of assuring against loss; a precaution;
      as, we always use our seat belts as insurance against
      injury.
      pjc

   accident insurance, insurance against pecuniary loss by
      reason of accident to the person.

   endowment insurance or endowment assurance, a combination
      of life insurance and investment such that if the person
      upon whose life a risk is taken dies before a certain
      specified time the insurance becomes due at once, and if
      he survives, it becomes due at the time specified. also
      called whole life insurance.

   fire insurance. see under fire.

   insurance broker, a broker or agent who effects insurance.
      

   insurance company, a company or corporation whose business
      it is to insure against loss, damage, or death.

   insurance policy, a certificate of insurance; the document
      containing the contract made by an insurance company with
      a person whose property or life is insured.

   life insurance. see under life.
      1913 webster
see also:
insure assurance accident insurance endowment insurance endowment assurance whole life insurance 
fire insurance fire insurance broker insurance company insurance policy 
life insurance life 
[2] : WordNet (r) 2.0
whole life insurance
     n : 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 syn: ordinary
         life insurance, straight life insurance
see also:
ordinary life insurance straight life insurance 

Results 1 - 10 of 19 found about whole life insurance:

Life Insurance >> L Words
Life Insurance, definition of term: Life Insurance
life+insurance_pag1.html

Insurance >> I Words
Insurance, definition of term: Insurance
insurance_pag1.html

Life >> L Words
Life, definition of term: Life
life_pag1.html

Life Peer >> L Words
Life Peer, definition of term: Life Peer
life+peer_pag1.html

Life Form >> L Words
Life Form, definition of term: Life Form
life+form_pag1.html

Life Preserver >> L Words
Life Preserver, definition of term: Life Preserver
life+preserver_pag1.html

Life Style >> L Words
Life Style, definition of term: Life Style
life+style_pag1.html

Life Story >> L Words
Life Story, definition of term: Life Story
life+story_pag1.html

Life School >> L Words
Life School, definition of term: Life School
life+school_pag1.html

Life Expectancy >> L Words
Life Expectancy, definition of term: Life Expectancy
life+expectancy_pag1.html

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