How Long Is A Whole Life Insurance Policy Good For?

  1. 410 POINTS
    Drew Ward
    Owner, LifeInsuranceForBusinesses.com, Atlanta, Georgia
    A whole life policy is designed to last until your natural mortality (death) assuming all planned premiums are paid and there are no outstanding loans on the policy. Most whole life policies also have an options called "reduced paid up" which means the insurance company will offer a smaller death benefit with no further premiums that will last until death.
    Answered on August 20, 2014
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    A whole life insurance policy is good for your whole life. You can pay for it in a lump sum, or pay premiums for the rest of your life, or somewhere in between (e.g. pay premiums to age 65). As long as sufficient premiums are paid and you have not borrowed money without paying it back with interest, your policy will stay in effect for your whole life.
    Answered on August 20, 2014
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