Life · Chapter 4 · Whole Life
Limited-Pay Whole Life
Definition
Premiums paid for a set shorter period (10-pay, 20-pay, paid-up at 65), then paid-up for life. Higher premiums, faster cash value — still endows at 100.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms