Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called ``straight life'' or ``ordinary life,'' is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. As a life insurance policy it represents a contract between the insured and insurer that as long as the contract terms are met, the insurer will pay the death benefit of the policy to the policy's beneficiaries when the insured dies. Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term. Whole life premiums are fixed, based on the age of issue, and usually do not increase with age. The insured party normally pays premiums until death, except for limited pay policies which may be paid-up in 10 years, 20 years, or at age 65. Whole life insurance belongs to the cash value category of life insurance, which also includes universal life, variable life, and endowment policies.
does whole life insurance expire at a certain age?
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Answer: no


The word is derived from a Dravidian language, and it passed through numerous other languages including Sanskrit and Old French before reaching the English language. The earliest uses of the word in English refer to the fruit, and the color was later named after the fruit. Before the English-speaking world was exposed to the fruit, the color was referred to as ``yellow-red'' (geoluread in Old English) or ``red-yellow''.
did the word orange come before the fruit?
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Answer: no


However, it is important to understand that despite the presence of reception statutes, much of contemporary American common law has diverged significantly from English common law. The reason is that although the courts of the various Commonwealth nations are often influenced by each other's rulings, American courts rarely follow post-Revolution Commonwealth rulings unless there is no American ruling on point, the facts and law at issue are nearly identical, and the reasoning is strongly persuasive.
is the american legal system is based on english common law?
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Answer:
yes