Which whole life policy allows for a fixed premium throughout the lifetime of coverage?

The option that represents a whole life policy with a fixed premium throughout the lifetime of coverage is Continuous premium whole life. This type of policy requires the policyholder to pay premiums consistently, typically until the insured reaches a specified age, such as 100 years. With continuous premium whole life insurance, the premiums do not change over time; they remain the same throughout the life of the policyholder. This consistency is appealing for policyholders who prefer predictable expenses for their insurance coverage.

In contrast, limited pay whole life requires premiums to be paid for a specified number of years, after which the policy is considered paid up, but premiums will vary based on the payment structure chosen. Single premium whole life involves a one-time lump sum payment that covers the entire insurance amount for the life of the insured, but does not involve regular, fixed premiums. Graded premium whole life typically starts with lower premiums that gradually increase over time, which does not provide the fixed premium structure throughout the lifetime of the coverage. Therefore, continuous premium whole life is the accurate answer for a policy with fixed premiums throughout the insured's lifetime.