Wholesale Life Insurance

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Dictionary Says

Definition of 'Wholesale Life Insurance'

A type of employer-sponsored protection against the loss of income in the event the insured becomes deceased. Wholesale life insurance is a variation on group life insurance that is offered by employers. It differs from group life insurance in that employees apply for and own their own policies with wholesale life insurance.

In order for the employees to qualify for wholesale life insurance, the employer must pay at least part of the premiums. Wholesale insurance is available for groups as small as five individuals. Group life insurance applies to larger groups.

Investopedia Says

Investopedia explains 'Wholesale Life Insurance'

Wholesale life insurance policies are intended to provide life insurance coverage at a discount rate to a small group of employees. Employers often cover the premium costs associated with wholesale life insurance as part of its employee benefits package.

In addition, employers may provide a wholesale life insurance policy for its employees, and then allow the employees to purchase additional policies for their families (spouse and dependent children). In order to be eligible for wholesale life insurance, the company generally must have a minimum of five and a maximum of 50 employees.
Search results for

'Wholesale Life Insurance'

  • When Wholesale Funding Goes Bad

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    ... Banks can also employ wholesale funding, although this source of funding is shorter
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  • A Brief History Of Credit Rating Agencies

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    ... worked in both commercial and residential lending as an originator, wholesale lending
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  • Vision Care Insurance: Will You See A Benefit?

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    ... and require you to pay the wholesale cost ... Unlike skipping health insurance, skipping
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  • Car Shopping: New Or Used?

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    ... As soon as you're off the lot, the car is worth wholesale price. ... Related Articles.
    Everything You Should Know About Corporate-Owned Life Insurance. ...

  • Boomer Bankruptcy Strains Retirement

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    ... In 2007, the average wholesale price of 26 brand-name drugs jumped by 100%. ... Related
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  • Trading Calendar Spreads In Grain Markets

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    ... Related Articles. Everything You Should Know About Corporate-Owned Life Insurance.
    This type of insurance is a policy taken out on you by your company. ...

  • The New Mortgage Business: More Than Just Loans

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    ... worked in both commercial and residential lending as an originator, wholesale lending
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  • Series 26 Study Guide - Recordkeeping Rules - Settlement of ...

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    ... Members that are underwriters and that engage in wholesale transactions for investment
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  • Oil: A Big Investment With Big Tax Breaks

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    ... this number varies constantly according to a variety of factors), then the wholesale
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  • 3 Not So Obvious Reasons To Own Berkshire Hathaway

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    ... businesses sell to Walmart and selling the wholesale business could ... the easy part,
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