Whole life offers level premiums for the life of the policy and may accumulate cash value. (accuquote.com)
In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access. (accuquote.com)
This second type of permanent life insurance is called Term to 100 and is characterized by level premiums for life with no cash values. (lifeinsurancecanada.com)