insurance

What is whole life insurance?

 

What is whole life insurance?

The Bankrate.com financial term of the day is: "Whole Life Insurance."
Permanent life insurance, which covers you for your entire life, comes in many flavors. The most vanilla is whole life insurance. The premiums and death benefit are fixed, and the savings component, or cash value, grows at a guaranteed modest rate of return.

When you want a permanent life insurance policy with little risk of surprises down the road, the product you're looking for is whole life insurance.

To get an insurance quote, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

AAA survey: American drivers don’t trust car repair shops

Two-thirds said they distrust car mechanics, citing overcharges, recommendations for unnecessary services and previous bad experiences with repair shops.  ... Read more


Connect with us