A continuous premium whole life policy is a fixed-premium life product where the policyholder pays premium across a predefined interval to maintain perpetual life protection.
Its structure differs from limited-payment designs because premium obligation continues more broadly across life, while protection remains for life.
Underwriting
Underwriters evaluate longevity, health, and financial capacity assumptions to keep duration-long obligations aligned with reserves and cost of insurance charges.
Claims and administration
Claims teams verify that all required premiums were paid and that the policy is still in-force at death or surrender date.