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Limited Pay Whole Life Insurance

Permanent protection that is designed to always be there for you and your loved ones.

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Lifelong Protection with Fewer Payments

With Limited Pay Whole Life, you can receive life insurance coverage that lasts a lifetime without paying for a lifetime. Choose the premium payment period that works best for you, 10 or 20 years.

Shorter Payment Period

Complete your premium payments in 10 or 20 years while keeping your coverage for a lifetime.

Guaranteed Protection

This product offers a guaranteed death benefit if you pass away, a guaranteed cash value, and guaranteed level premiums that will never increase.

Additional Perks

Receive access to all BetterLife Member Benefits, and add riders to your policy for additional customized protection.

BetterLife Member Benefits

When you purchase a BetterLife Limited Pay Whole Life policy, you automatically gain access to our free, exclusive member benefits, which offer additional protection and value. Click on the button below to learn more.

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Limited Pay Whole Life is ideal for:

Converting Term Policies

Limited Pay Whole Life is a great option for those seeking to convert a BetterLife term policy to a permanent policy because of its level premiums, short payment period, and wide age eligibility.

Reducing Life Insurance Expenses in Retirement 

With payments that only last 10 or 20 years, you may be able to avoid paying life insurance premiums during retirement, even though your coverage lasts your entire lifetime.

Final Expense Planning

Because whole life insurance is permanent (it’s designed to last until death), it is a great way to ensure there is money to cover your funeral expenses and other costs.

Gifting Policies to Children and Grandchildren

You can purchase a life insurance policy for a little one you love that will never go away, and potentially be done paying for the policy before that child even becomes an adult.

Our Limited Pay Whole Life solution offers:


Policy Details

  • Policies available from $25,000 – 100,000+
  • 10 Pay policy available to people ages 0-75
  • 20 Pay policy available to people ages 0-65
  • Lifetime coverage with an income tax-free* death benefit
  • Guaranteed cash value accumulation, as long as you pay your scheduled premiums
  • Eligible to earn dividends, which can be used in a variety of ways
  • Preferred rates available for qualifying applicants



  • Premium payments that last a 10 or 20-year time period
  • Premiums established at issue age that are guaranteed to never increase as long as you maintain your policy (even if you develop health issues)
  • Choose to pay your premiums monthly, quarterly, semi-annually, or annually


Options & Extra Benefits


Download Our Whole Life Info Sheet

If you’re not sure how much life insurance you need, our life insurance calculator will help you to determine the correct amount. If you would like to learn more about our life insurance solutions, contact one of our Insurance Agents today!

*According to tax laws IRC Sections 101 & 7702. Guarantees are backed by the financial strength and claims-paying ability of BetterLife.

Here's what our members have to say:

Learn more about what BetterLife Whole Life insurance can do for you.

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