The type of life insurance policy that has stability and is guaranteed to be in force until age 95 of the policyholder is known as a Whole life assurance.
It is also called a ordinary life assurance and it refers to a life insurance policy that is guaranteed to remain in force for the insured's entire lifetime provided that the required premiums are paid or to the maturity date.
The main advantage of a Whole life assurance is that as long as the premiums are paid, the assured's death benefit will never expire and it is guaranteed to be paid regardless of when you die, whether that's tomorrow, in five years, 80 years or even further away.
Therefore, the whole life assurance is the type of policy i would you recommend that he purchase.
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