ORDINARY LIFE (WHOLE LIFE) DEFINITION
Ordinary Life, also known as Whole Life insurance, is a type of life insurance policy that provides coverage for the entire lifetime of the insured individual. This insurance option offers both a death benefit to the beneficiaries upon the insured's passing and a savings or investment component that accumulates cash value over time. The premiums for Ordinary Life policies are typically higher than those for term life insurance due to the extended coverage period and the investment feature. The accumulated cash value can be borrowed against or withdrawn by the policyholder during their lifetime. Ordinary Life insurance offers a combination of permanent coverage and a savings element, making it a popular choice for individuals seeking long-term financial protection and potential cash value growth.
About Welcome Funds
Founded in 2000, Welcome Funds has helped thousands of Americans qualify for a life settlement on their life insurance benefits. We are licensed throughout the nation to offer the life settlement option to policyholders and have negotiated more than 33,000 life settlement offers on behalf of our clients.
- It's fast, easy & FREE to determine eligibility
- There is no obligation to accept an offer
- Our consultation & qualification process is completely confidential
Complete our Quick Life Settlement Qualifier or call us toll-free at 877.227.4484 to speak with a Client Care Advocate.