Term Whole of Life

Is there any reason why there are no term whole of life products in the market?

What I mean is whole of life products that:

- Cover to age 99 or 100
- Do not pay cash value on surrender
- Do not pay a benefit on maturity.

Thanks for any help.

Ben

I was going through a website called Paisabazaar.com/life-insurance and came to know that Actually there are add-ons or riders available in Term life as well as whole life insurance wherein one can avail benefits of one on the other insurance. Like If one has purchased term life insurance and want to increase the term or want to avail benefits of whole life insurance can opt for rider providing benefit by giving some extra amount of money and vice-versa for whole life insurance.

Quote:

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Originally Posted by jhonpaul

Hi I have read your post on whole of life products.so here I would like to give some information that whole of life insurance is a policy are one of these schemes that are almost like an investment. with this whole of life insurance policy you will have to pay the premiums as long as you last and the policy pays a lump some amount to your dependents on successful claim after death.
1)An assured life long protection unless the policy is cancelled
2)A lump sum pay out will be there after the death of insured person

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Thanks for the info