What does straight life insurance mean?
Definitions for straight life insurance
straight life insur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word straight life insurance.
Princeton's WordNet
whole life insurance, ordinary life insurance, straight life insurancenoun
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
ChatGPT
straight life insurance
Straight life insurance, also known as whole life insurance, is a type of life insurance policy that provides coverage to the insured for his or her entire lifetime. The policy pays a death benefit to the nominated beneficiaries upon the death of the insured. It also has a savings or investment component, known as cash value, which grows over time and can be borrowed against or cashed in by the policyholder during their lifetime. Premiums for straight life insurance are usually higher than term life insurance, but they do not increase with age.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of straight life insurance in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of straight life insurance in Pythagorean Numerology is: 4
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"straight life insurance." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/straight+life+insurance>.
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