Limited payment life insurance, sometimes referred to simply as limited pay life insurance, is really a way of having the best of all worlds with a whole life policy. (lifeinsurancehub.net)
This plan is basically limited payment whole life plan that can be used also used as a long term annuity plan after the demise of the life assured. (policybazaar.com)
Limited payment plans can provide for the payment of premiums for a set number of years e.g. 10 payment or 20 payment whole life insurance. (dfs.ny.gov)