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What Is Ordinary Whole Life Insurance?

What Is Ordinary Whole Life Insurance?

Also known as straight life, ordinary whole life insurance is the most common type of insurance policy that’s written today. The policy terms are simple: you pay a monthly premium every month until you turn 100 years old or you die, whichever comes first. Some modern policies are written to age 120, given the advances in medicine that extend life expectancy. Features of Ordinary Whole Life Insurance Ordinary whole life insurance is a type of cash value insurance, meaning that…

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