What type of insurance usually offers a premium guarantee for the life of the policyholder?

Traditional Whole Life Insurance typically offers a premium guarantee for the life of the policyholder. This type of insurance is designed to provide lifelong coverage as long as premiums are paid. The premiums are generally set at the time the policy is issued and remain unchanged throughout the life of the policy, providing a sense of financial security and predictability for the policyholder.

Moreover, traditional whole life policies accumulate cash value over time, which can be accessed or borrowed against, adding to the policy's appeal. Unlike other types of insurance that may involve adjustable premiums or offer coverage for a limited period, traditional whole life provides stability in both coverage and premium amounts, making it a reliable choice for those seeking long-term life insurance.