Arrow Financial Services

Jargon Buster

Jargon Buster



Results for letter: W


WHOLE LIFE POLICY

A life insurance policy which pays a specified amount on the death of the life assured.

WINDING UP

The legal termination of a pension scheme.

WHOLE OF LIFE

Whole-of-life polices are designed to provide a sum of money (the "sum assured") to a consumer's family or estate when the consumer dies.

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