What Is Modified Premium Whole Life Insurance? 
With Modified Premium Whole Life the premium is lower in the first few years of the policy and increases in increments until the actual premium is reached . These policies are usually sold to parents for their kids , keeping the premium lower until the kids are old enough to take over the policy on their own but I have also seen them offered on TV adds by companies trying to make their rates look lower to generate sales . In the fine print that nobody reads it is disclosed that it is a Modified Premium Plan . When you buy from a good ethical agent , you will know exactly what you are buying . 