Definitions for "Ordinary Life"
Keywords:  whole, cso, straight, premium, life
Synonymous With Whole Life and Straight Life The three terms are applied to the type of policy which continues during the whole of the insured’s life and provides for the payment of amount insured at this death.
Ordinary Life Insurance is that in which you continue to pay premiums throughout the entire life of the policy. With Ordinary Life Insurance, part of your premium is used to accumulate a cash value, and part is used to actually pay for the life insurance.
Whole life insurance on which premiums are paid for life.
a phrase heard often in conversations in Baghdad