Whole Life Insurance
Whole life insurance plans cover you for your entire life i.e. there is no term limit on such plans. A whole life plan averages out the cost of premiums across your lifetime at the time you take your policy. Remember, the insurer has no idea as to how long you are going to live. The insurer's part of the contract stipulates that when you die, whenever that might be, in the next five years or fifty years, the sum assured is passed on to your nominee. In this regard, whole life policies can be regarded as viable estate tools. It is not an investment tool for you to enjoy the fruits of your labor.
Here you will find all the insurers who have whole life plans in their portfolio. Keep a keen eye on what you want from your whole life plan before you decide upon one.