What type of life insurance policy provides lifetime protection with premiums paid for a limited time?

A limited payment life insurance policy is designed to offer lifetime protection while requiring the policyholder to pay premiums for only a set number of years. Typically, these policies allow individuals to choose a premium payment period, such as 10, 20, or 30 years. Once this period is completed, the policy remains in force for the rest of the insured's life without the need for further premium payments.

This structure is particularly appealing to individuals who want to ensure their beneficiaries receive a death benefit while also preferring the convenience of no ongoing payments after a certain age or point in time. The policy accumulates cash value over time as well, providing additional benefits.

Other types of life insurance mentioned do not align with this specific feature. For example, endowment insurance is typically structured to pay out a benefit after a specific term or upon the insured's death, but it doesn't focus on lifetime protection with limited premium payments. Term to age 65 provides coverage until age 65 but requires payments for the entire term, and variable life insurance permits flexible premiums but does not set a finite premium payment period for lifetime coverage.