Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.
life insurance.
whole life insurance
Term life insurance, or otherwise known as pure life insurance protection.
There are four major categories of life insurance: ordinary, group, industrial, and credit
Return-of-premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they are still alive. Thus, return-of-premium life insurance policies do not punish one for outliving their life insurance. The average such policy might cost 25% to 50% more in premiums, compared to an ordinary life insurance policy.
Straight / Ordinary life insurance usually means that the death benefit and the premium payments are fixed for the lifetime of the insured. Examples of this is what is known as a "whole life policy." It's not the most economical way to buy insurance, but it's certainly predictable.
More than doubling from 1985 to 1995, there was $7.5 trillion of ordinary life insurance in force in the United States at the end of 1995, with whole life insurance accounting for more than half of that total.
Insurance, life, What current Commissioners Standard Ordinary mortality table is in use?
Ordinary Life was created on 1998-11-02.
his life was an ordinary life. He was a writer and his life was anything but ordinary.
The duration of A Life Less Ordinary is 1.72 hours.
Ordinary life