It depends on the plan. You can pay for life, or for a set period, such as 10, 15 or 20 years or to age 65, after which the policy is paid up and your coverage continues for life. With universal life, you can adjust what you pay, within limits, as long as the account covers the monthly cost. On participating plans, dividends may eventually cover the premiums, but that isn’t guaranteed.
How long are premiums paid for permanent life insurance?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about permanent life insurance
Life insurance that lasts your whole life, with options that build cash value.
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