Ordinary Life Insurance


Definition of "Ordinary life insurance"

Policy that remains in full force and effect for the life of the insured, with premium payments being made for the same period.

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Minimum Deposit Whole Life Insurance

Ordinary life insurance that generates a first year cash value from the payment of the first year premium. Using this cash value, loans could be made ...

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Financial instruments whose principal and income are established in advance according to contractual terms set forth in the financial instrument's doc ...

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Variation of ordinary life insurance under which current mortality experience and investment earnings are credited to the insurance policy either thro ...

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