South Carolina Life Insurance Practice Exam

Whole life policies provide protection until the insured reaches what age?

1. Age 85

2. Age 100

3. Age 75

4. Age 65

The correct answer is: Age 100

Whole life insurance policies are designed to provide coverage for the entirety of the insured's life, as long as the premiums are paid. The policy matures at a specific age, typically age 100. If the insured lives to this age, the policy's cash value is usually paid out to the policyholder. This provision ensures that regardless of when the insured passes away—whether it is at age 65, 75, or even beyond 100—the beneficiaries will receive the death benefit. The notion that whole life insurance lasts until age 100 aligns with its fundamental purpose of providing lifelong protection. In contrast, other options propose ages like 65, 75, or 85, which do not align with the core principle of whole life policies. These ages may relate to certain term lengths or specific types of policies but do not fit into the standard definition of whole life coverage. Thus, the policy effectively provides lifelong protection until the insured reaches the age of 100.