Blended Insurance Program
Updated: 19 January 2025
What Does Blended Insurance Program Mean?
A blended insurance program is a type of life insurance that combines features of both whole life and term life insurance. Often referred to as an integrated insurance program, it is typically offered as an alternative to whole life or term life insurance when neither fully meets an individual’s specific needs.
Insuranceopedia Explains Blended Insurance Program
Like term life insurance, blended life insurance has lower premiums. However, it also includes an investment component, which is typically only found in whole life insurance policies. If the investments perform well, the profits generated can be used to cover future premiums, giving the policy the potential to function as a pseudo-whole life insurance policy.
Synonyms
Integrated Insurance Program
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