# Whole Life Insurance

**IRI:** https://folio.openlegalstandard.org/R9iX9jIngIBBPMjNmKBVNtc

## Labels

## Definition

Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire lifetime. The policy includes a death benefit and typically a cash value component that grows over time, and the premiums are generally fixed and paid for the life of the policy.

## Sub Class Of

- https://folio.openlegalstandard.org/RDMlfBHhw2Mfk0FBrVCQJY9

**Deprecated:** False