A type of insurance that provides coverage for the policyholder's entire life. The policy is not set out for a certain term and is also known for coming with a savings component that continuously builds up over time. There are also many other factors for this type of insurance included fixed death benefits, management fees, and so on.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser