Overview

whole life policy


Show Summary Details

Quick Reference

A life-assurance policy that pays a specified amount on the death of the life assured. Benefits are not made for any other reason and the cover continues until the death of the life assured, provided the premiums continue to be paid, either for life or until a specified date. They may be with-profits or unit-linked policies.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.