Which type of Whole Life policy is paid up before age 100?

A Limited Pay Whole Life policy is designed to be fully paid up after a certain period of time, usually before the insured reaches age 100. This means the policyholder will have paid all necessary premiums in a shorter duration, often 10, 15, or 20 years, depending on the terms of the policy. After the premium payment period ends, the policy remains in force for the lifetime of the insured without requiring any further premium payments, guaranteeing a death benefit and cash value accumulation from that point onward.

In contrast, a Straight Whole Life policy typically involves premiums that are paid throughout the insured's lifetime, making it a standard option but not one that is paid up before age 100. Term Life Insurance covers the insured for a specified period and does not accumulate cash value, so it wouldn’t be applicable in this context. Universal Life Insurance offers flexible premium payments and potential cash value growth but does not guarantee that the policy will be paid up by a certain age like Limited Pay Whole Life does. Therefore, Limited Pay Whole Life is the appropriate choice for a policy type that is paid up before age 100.