Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Whole Life Insurance

A life insurance contract with level premiums that acts as both an insurance policy and an investment vehicle. The insurance component pays a stated amount to a beneficiary upon the death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.

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50 - Employee Life and Disability Insurance
4
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Whole Life Annuity

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Wide-Area Network (WAN)

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