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2. Whole life insurance - Wikipedia

   en.wikipedia.org/wiki/Whole_life_insurance

   Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), 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. [1]

3. Can I convert my term life insurance to whole life insurance?

   www.aol.com/finance/convert-term-life-insurance...

   Many term life policies let you switch to permanent coverage, like whole life or universal life, without undergoing a medical exam. Your conversion window won’t stay open forever, so grab your ...

4. Term vs. Whole Life Insurance: What’s the Difference?

   www.aol.com/term-vs-whole-life-insurance...

   Benefits. Term Life Insurance. Whole Life Insurance. Duration. Varies; can last for a period of years or to a specific age. Life. Cost. Variable, but usually lower than whole life policies

5. Types of life insurance - AOL

   www.aol.com/finance/types-life-insurance...

   Whole life insurance. Whole life insurance is the most basic form of permanent life insurance coverage. With traditional whole life insurance, both the premium and death benefit typically remain ...

6. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Pre-need life insurance policies are limited-premium whole life policies that are usually purchased by older applicants, though they are available to everyone. This type of insurance is designed to cover specific funeral expenses that the applicant has designated in a contract with a funeral home .

7. Actuarial reserves - Wikipedia

   en.wikipedia.org/wiki/Actuarial_reserves

   As an example, consider a whole life insurance policy of one dollar issued on (x) with yearly premiums paid at the start of the year and death benefit paid at the end of the year. In actuarial notation, a benefit reserve is denoted as V. Our objective is to find the value of the net level premium reserve at time t.