The premium for a whole life policy remains constant for as long as an insured lives.

Question

Quizplus · Accepted Answer

Whole life insurance policies are designed to provide coverage for a lifetime, and the premiums remain constant for the duration of coverage. The premiums paid by the insured go towards paying for both the death benefit and accumulating cash value over time. Therefore, the premium amount for a whole life policy does not increase or decrease as long as the policy remains in force.

The Premium for a Whole Life Policy Remains Constant for as Long