A single premium whole life policy covers the insured for what duration?

A single premium whole life policy is designed to provide coverage for the entire life of the insured. This type of policy is unique in that it is fully paid for with a one-time lump sum payment, which means the policyholder does not have to make ongoing premium payments for the duration of the policy. Whole life insurance policies, including those purchased with a single premium, guarantee coverage as long as the insured is alive, securing a death benefit for the beneficiaries, regardless of when that occurs.

The option implying coverage for a specific number of years or until a certain age suggests a term or limited coverage policy, which differs fundamentally from the concept of whole life insurance. By its very nature, a whole life policy is intended for lifelong protection, making the provided answer the most accurate reflection of its purpose.