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Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time.
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Whole life insurance, or whole of life assurance, sometimes called "straight life" or "ordinary life," is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.
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What Is A Whole Life Policy? Whole Life plan is also called as straight life, ordinary life. It remains throughout the insured whole lifetime provided the premiums
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Whole life insurance provides coverage for the life of the insured. In addition to paying a death benefit, whole