You want to pay premiums for 20 years and have your insurance premium obligations finished at that time. However, you feel you will need life insurance for the rest of your life. You should choose a _____ insurance policy.

Question

Quizplus · Accepted Answer

A limited payment whole life policy allows you to pay premiums for a set amount of time (usually 10, 15, or 20 years) but still provides coverage for life. This means that after the set premium payment period is over, you won't have any further premium obligations while still maintaining coverage for the duration of your life.

You Want to Pay Premiums for 20 Years and Have