...policies on ordinary life, limited-payment life, and endowment forms. According to the endowment plan, the company agrees to pay the face value of the policy upon the happening of the first death, or at the end of a stated period if all of those insured under the contract...

...sometimes called, is the least expensive form of permanent insurance. The company pays the beneficiary the face value of the policy upon the death of the insured. The insured continues to pay the same premium each year as long as he lives, unless his policy is in...

...termination of the contract. In general A whole life insurance contract provides for the payment of the face value of the policy upon the death of the insured; payment is not contingent upon death occurring within a specified period. Such protection may be purchased...

...contract. Whole life insurance In general A whole life insurance contract provides for the pavment of the face value of the policy upon the death of the insured; payment is not contingent upon death occurring within a specified period. Such protection may be purchased...

...contract. Whole life insurance In general A whole life insurance contract provides for the payment of the face value of the policy upon the death of the insured; payment is not contingent upon death occurring within a specified period. Such protection may be purchased...

...Typically, pensions are annuities. Endowment Insurance. Endowment insurance provides the payment of the face value of the policy upon the death of the insured during the fixed term of years, and also the payment of the full face value at the end of the term...