The policy must remain in force for the life of the loan. (mortgage-x.com)
Therefore, the coverage can oftentimes remain in force for the life of the insured — provided that the premium continues to be paid. (chooseterm.com)
The significance of whole life insurance is that the policy guarantees that, as long as premiums are paid, the policy will remain in force for the life of the insured. (pocketsense.com)