What Are The Traditional Types Of Whole Life Policies?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
In addition to regular whole life which is typically designed to continue until age 90 or 100, plans are available which become fully paid up in a certain number of years (for example, 20-year payment) or at a certain age (for example, life paid up at 65). There are also variations on the whole life concept that allow more than one person to be insured (joint life, family plans) or that have different premium paying structures (single payment life, graded premium life).