Which policy option typically offers the longest protection?

The policy option that typically offers the longest protection is the ordinary life policy. This type of life insurance provides coverage for the entire lifetime of the policyholder, as long as premiums are paid. It does not have a predetermined end date, unlike term policies or endowment policies, which will expire after a set period or upon reaching a specific age.

Ordinary life insurance is designed to provide lifelong protection and can also accumulate cash value over time, which can be beneficial for policyholders. In contrast, a 20-year term or a 20-year endowment provides coverage only for a limited time, specifically 20 years, and the endowment at 65 defines a terminal age at which the policy will pay out, but only if the insured is still alive—if they pass away before that age, the coverage also expires. Therefore, the ordinary life policy stands out as the option that maintains coverage for the longest duration, offering peace of mind over the lifetime of the insured.