The duration for which you must pay whole life insurance premiums depends entirely on the specific structure of the policy contract you choose. Traditional "straight life" or "continuous premium" policies require you to make regular payments every year for the rest of your life until you pass away or reach age 121. Alternatively, many policies offer limited payment structures—such as 10-pay, 20-pay, or paid-up at age 65—where higher annual premiums are concentrated into a compressed, predetermined timeframe (like 10 or 20 years), after which the policy becomes fully paid up and no further out-of-pocket payments are ever required.
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