How long is a person covered under a limited pay whole life policy?

A limited pay whole life policy provides coverage for the entire lifetime of the insured, which means that the policy remains in force as long as premiums are paid according to the terms of the policy. However, the distinguishing feature of this type of policy is that the premiums are paid for a limited duration, which is usually a set number of years, after which no further premium payments are required. This allows the insured to have lifelong coverage without needing to pay premiums throughout their entire life.

The correct choice indicates that the coverage lasts until the age of 100, which is a standard maturity age for whole life policies. This suggests that the policy is designed to remain effective and provide benefits to the insured or their beneficiaries until they reach this age, ensuring financial security through the insurance.

In contrast, other options suggest specific ages or fixed terms that do not accurately reflect the characteristics of limited pay whole life insurance. For example, options indicating coverage only until age 65 or until a fixed term of years do not align with the lifetime nature of the coverage afforded by such policies.