PITTSBURGH WHOLE LIFE INSURANCE
Whole life insurance typically requires that the owner pay premiums for the life of the policy. There are some arrangements that let the policy be "paid up", which means that no further payments are ever required, in as few as 5 years, or with even a single large premium. Typically if the payor doesn't make a large premium payment at the outset of the life insurance contract, then he is not allowed to begin making them later in the contract life. However, some whole life contracts offer a rider to the policy which allows for a one time, or occasional, large additional premium payment to be made as long as a minimal extra payment is made on a regular schedule. In contrast, universal life insurance generally allows more flexibility in premium payment
Many families need life insurance protection for a specific period of time, such as when a child is under the age of 18. It makes sense for them to only pay for life insurance during the time they really need it.
But some families need guaranteed protection for the remainder of their life as well as a way to accumulate cash for emergency and other needs. That’s exactly what online whole life insurance with no medical exam provides; it gives you 2 forms of financial security. First, it protects your family in the event something happens to you. Second, it accumulates cash value over time that can be borrowed against in the case of a financial emergency or for other good reasons.