Whole life insurance, as the name suggests, is a type of life insurance plan that offers a protective life cover to your family for up to 100 years or whole life. When you purchase a whole life insurance policy, you can protect your family for your entire life without having to worry about the policy expiring after a limited term or renewing the insurance plan midway.
Since whole life insurance policies can have a longer premium payment term compared to other policies, it is always advisable to use a life insurance premium calculator to find affordable premiums and secure your family with a high sum assured.