With the whole life policy, however, the premiums paid by the insured, won't ever increases and also the money over premium payments that has accumulated during the policy can be borrowed or used every time for any kind reason and it's also very basic. With the term policy, the premiums will in order to increase to be the person gets older. For example, this same 31 year old man is actually paying a growing number of premiums when hits 72 years out-of-date.