What is a 20 year pay life insurance policy?

What is a 20 year pay life insurance policy?

20 Pay Life Insurance is a type of Limited Pay Life Insurance (typically Whole Life Insurance) that requires payments over 20 annual installments. 20 Pay Life Insurance can be used as an additional source of income for the family or to help cover monthly expenses in the event of your death.

See also  Which is better AIG or MetLife?