TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

whole life policy [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1998-11-03

English

Subject field(s)
  • Life Insurance
DEF

A life assurance policy under the terms of which a fixed sum is payable on the death of the life assured, passing into his or her estate for the benefit of the heirs. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

CONT

The point of the program was to persuade customers to pay back loans against their whole life policies, since loan interest is no longer tax deductible and the cash-value buildup on a policy receives favorable tax treatment.

French

Domaine(s)
  • Assurance sur la vie

Spanish

Save record 1

Copyright notice for the TERMIUM Plus® data bank

© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Display options

Change the order of display of the official languages of Canada
Option to display the non-official languages (Spanish or Portuguese)
Display definitions, contexts, etc., on records

Features

Language Portal of Canada

Access a collection of Canadian resources on all aspects of English and French, including quizzes.

Writing tools

The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: