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Whole life insurance

April 29, 2010 Written by nicolae

Language English

Whole life insurance requires a level premium for life, and guarantees a minimum cash value growth included in the policy.

Types

There are two general types of whole life policies: non participating policies (non par), and participating policies.

Non Participating

All values related to the policy (death benefits, cash surrender values, premiums) are determined at policy issue, for the life of the contract, and cannot be altered after issue.

Business:

Insurance

Tags:

performance