There is premium off-set where the cash value pays the remaining premium to maturity after a number of years. I usually build policies that will off-set at age 60.
There is a paid-up or limited pay policy that can be 5 years, 7 years, 10 years or whatever years you want it to be.
There is also paid up at 65 or at whatever designated age.
Whole life from reputable companies can be built to be as flexible as possible given that the base premium is paid.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The obvious answer is your lifetime. The whole life policy is actually an endowment policy and does have a maturity date (100-120.) If you reach that age the company will no longer require premium payments. Permanent insurance has tremendous flexibility and if you want to quit paying at some specific age, a current policy can become paid-up for a reduced face amount.
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There is premium off-set where the cash value pays the remaining premium to maturity after a number of years. I usually build policies that will off-set at age 60.
There is a paid-up or limited pay policy that can be 5 years, 7 years, 10 years or whatever years you want it to be.
There is also paid up at 65 or at whatever designated age.
Whole life from reputable companies can be built to be as flexible as possible given that the base premium is paid.