Whole Life Covers the insured throughout life. Premium payments are for life. As a permanent plan, Whole Life offers the greatest amount of protection for the least amount of premium. Twenty-Pay Life Offers the same type of coverage as Whole Life except for premium paymens, which end after twenty years.
Coverage continues throughout life.
Single Premium Life Offers the insured full coverage from the time of issue. Coverage is similar to Whole Life, however only one premium is paid. This premium buys a paid-up certificate for the life of the insured. Offers the same protection as Whole Life. Premium payments end at age sixty-five while coverage extends throughout life.