Straight life insurance, also called whole life or ordinary life insurance, is a type of permanent life insurance. It covers you for your entire life, as long as you keep paying the premiums.

One key feature is lifetime coverage—the policy never ends unless you stop paying. Unlike term life insurance, which only lasts for a set time, straight life insurance stays active for your whole life.

Another benefit is level premiums. This means your monthly or yearly payments stay the same, no matter how old you get.

It also has a cash value. Part of your premium goes into a savings account that grows over time. You can borrow money from it or take some out if needed.

When you die, your beneficiaries get a guaranteed death benefit—money they can use for any purpose.

These policies don't expire, even if you live past 100 years old. However, the cost is usually higher than term insurance.

Straight life insurance is a good choice for people who want lifetime protection, stable payments, and savings built into their policy.