Meaning & use
straight life policy
A permanent life insurance policy with level premiums paid for the insured's entire life and a fixed death benefit.
See it in a sentence
He chose a straight life policy so his premiums would never increase as he got older.
Unlike term insurance, a straight life policy also builds cash value over time.
A note on using this word
"Straight life" is an older insurance industry term still used alongside the more common "whole life" policy.
Words with a similar meaning
whole life policy
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Words with an opposite meaning
term life policy
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