Long-Term Coverage, Short-Term Commitment

When the unthinkable happens, you want your loved ones to be protected. Life insurance policies ensure that your family will be financially cared for in the event of your death. Most life insurance policies mean paying a premium every month until the day finally comes, but what if you could pay off your entire policy in only 20 years? A 20 pay whole life insurance policy allows you to pay for only 20 years, no matter when you start the policy, after which the policy continues to be valid – and gain value – for the rest of your life, however long that may be.

Choosing the Right Policy

Not all 20 pay whole life policies are equal, of course. Look for a policy that may include these additional benefits:

Accidental death benefits, which double your family’s payout in the event your death is caused by an accident
Option to purchase additional insurance, regardless of insurability
Premium waiver in the event you become totally disabled from injury or illness

Benefit options ranging from $5,000-$4,000,000

You can’t put a price on providing for your family, but you can put a time limit on the premiums. With 20 pay whole life insurance coverage, your payments stop after 20 years, but your family’s security is guaranteed for a lifetime.