Investor Glossary-permanent life insuranceInvestor Glossary-permanent life insuranceInvestor Glossary-permanent life insuranceInvestor Glossary-permanent life insuranceInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Permanent Life Insurance

The HTML to link to this page
 

Permanent life insurance is form of indemnity that offers extended life insurance coverage and a savings portion known as cash value. Permanent life insurance is a broad definition, marking almost all types of life insurance, excluding group and term. The most common forms of permanent life insurance are whole life, universal, and endowment. Unlike term life insurance, permanent life insurance policies provide life-long protection. In addition to the death benefit, permanent life insurance policy owners are able to accumulate savings through cash value. Permanent life insurance cash value can also be used as a way to borrow money once sufficient reserves accrue. In addition, permanent life insurance policy holders can withdraw funds from the cash value for personal use. Cash value savings associated with permanent life insurance are tax deferred and remain as such so long as the policy is active and premiums are paid.



Rate this permanent life insurance definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use