How Long Is A Whole Life Insurance Policy Good For? 
A whole life insurance policy is good for your whole life . You can pay for it in a lump sum , or pay premiums for the rest of your life , or somewhere in between -LRB- e.g. pay premiums to age 65 -RRB- . As long as sufficient premiums are paid and you have not borrowed money without paying it back with interest , your policy will stay in effect for your whole life . 