straight life insurance

Definition of "straight life insurance"
  1. A type of permanent life insurance policy that provides coverage for the entire lifetime of the policyholder
How to use "straight life insurance" in a sentence
  1. The policyholder decided to purchase straight life insurance to ensure financial security for his family no matter when he passes away.
  2. Straight life insurance can be a useful tool for estate planning, providing a guaranteed death benefit to heirs.
  3. The premium for straight life insurance remains constant throughout the policyholder's life.

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