When is your life insurance fully paid?

Whole life insurance is a type of permanent life insurance that provides coverage for your entire life, as long as you continue to pay the premiums. The premiums for whole life insurance are typically higher than for other types of life insurance, but they are fixed and will not increase over time. Once you have paid the premiums for your whole life insurance policy for the length of the policy, it is fully paid and you will no longer have to make any further payments.