Index
Last
Change
NASDAQ6199.8169  chart
+53.1943
S&P 5002438.13  chart
+18.75
2017-06-28 11:43

Financial Glossary

w

Whole life insurance

A life insurance policy that provides coverage for the policyholder’s entire life. The policy also provides an investment component, called the cash value, that accrues value over time. The policyholder can then borrow against the cash value.

Will

A legal document that states how a person wants his or her assets to be distributed after death.

Wrap account

An investment account handled by a professional money manager in exchange for a flat fee that covers all administrative, commission and management expenses.