Limited Pay Whole Life at Life

Limited Pay Whole Life. State farm life insurance company (not licensed in ma, ny or wi) or state farm life and accident assurance company (licensed in ny and wi) offer whole life policies that not only help your family prepare for the unexpected, but also build cash value you can use during your lifetime. Limited pay life insurance is a type of whole life insurance with a much shorter guaranteed payment period than a usual whole life policy.

Like any major purchase, the decision to make smaller payments over a longer period vs. What is limited pay life insurance? When the premium period ends, the policy is paid up.

Typically lower face value policies for older customers to cover. On older policies that could be as low as age 95. Have a whole life policy bought since age 0, has broken even, the internal rate of return is 2.3%. State farm life insurance company (not licensed in ma, ny or wi) or state farm life and accident assurance company (licensed in ny and wi) offer whole life policies that not only help your family prepare for the unexpected, but also build cash value you can use during your lifetime.