An insurance policy that protects an individual over an entire lifetime as long as the premiums are paid is called

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A whole life insurance policy provides coverage for the entire lifetime of the insured as long as the premiums are paid. It also has a cash value component that accumulates over time and can be borrowed against or withdrawn. Term life insurance provides coverage for a specified term, typically 10, 20, or 30 years, and does not have a cash value component. Universal life insurance is a type of permanent life insurance that has more flexibility in premium payments and death benefits, but can also be more complex and risky. Endowment life insurance is a type of policy that pays out a lump sum either after a certain period of time or upon the death of the insured, whichever comes first.

An Insurance Policy That Protects an Individual Over an Entire