What is a limited pay whole life policy?

What is a limited pay whole life policy?

With a limited pay whole life insurance policy, you pay premiums for only a specific amount of time. Depending on the terms, you make payments: For a predetermined timeframe that you choose from a list of options, such as 10 or 20 years. For an exact time frame that you specify, such as 17 or 21 years. Nov 2, 2021