Whole life insurance has a place with the cash value category of life insurance, which likewise incorporates universal life, variable life, and blessing strategies. Because whole life approaches are ensured to stay in force as long as the required premiums are paid, the premiums are ordinarily a lot higher than those of term life insurance where the premium is settled just for a restricted term. Whole life premiums are settled, in light of the period of issue, and for the most part don't increment with age.