Straight Life Insurance Definition

After death however the payments cease and the policyholder does not name a beneficiary. Like all annuities one may buy the plan with a lump sum or with a series of payments over a number of years usually ending.

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Straight life an annuity or other insurance plan that provides the policyholder with monthly payments for the remainder of hisher life.

Straight life insurance definition. Like all annuities one may buy the plan with a lump sum or with a series of payments over a number of years usually ending. It is to be noted that the amount payable each year will be same throughout the whole lifetime of the insured. Straight life an annuity or other insurance plan that provides the policyholder with monthly payments for the remainder of hisher life.

After death however the payments cease and the policyholder does not name a beneficiary. Straight life insurance is insurance taken on the life of the insured for a fixed amount at a definite premium that is paid every year. As long as the insured keeps paying their monthly premium this type of policy does not expire.

Straight life insurance synonyms straight life insurance pronunciation straight life insurance translation english dictionary definition of straight life insurance. Straight life insurance insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount. It is also known as ordinary life insurance or whole life insurance.

Information and translations of straight life insurance in the most comprehensive dictionary definitions resource on the web. Straight life insurance is also known as whole life insurance. What does straight life insurance mean.

Straight life insurance is a type of permanent life insurance policy that has a guaranteed death benefit and fixed premiums. Meaning of straight life insurance. Define straight life insurance.

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