A life insurance policy that protects the policyholder until death, or as long as premiums are promptly paid is a

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Quizplus · Accepted Answer

A whole life policy provides lifelong protection as long as premiums are paid on time. This type of policy accumulates cash value over time and often pays out a death benefit to the policyholder's beneficiaries upon their passing. Term policies, on the other hand, only provide coverage for a set period of time and do not accumulate cash value. Universal life policies are similar to whole life policies but have more flexibility in premium payments and death benefits. However, the question specifically mentions protection until death or as long as premiums are paid promptly, which is best fulfilled by a whole life policy.

A Life Insurance Policy That Protects the Policyholder Until Death