What Is Custom Whole Life Insurance? 
Custom whole life insurance is a company specific product that allows you to select how many years you will pay on your whole life policy before it will be paid up . If the premium paying period is shortened the premium deposits will be increased , however , the cash value will increase more swiftly , lowering the cost for insurance and ultimately the cost for owning the policy . A single premium whole life insurance policy is , from that perspective , the least expensive policy that you can purchase . 