Which of these characteristics is consistent with a Straight Life policy?

A Straight Life policy, also known as a Whole Life policy, is designed to provide coverage for the lifetime of the insured, as long as premiums are paid. One key characteristic of this policy type is that premiums are payable for as long as there is insurance coverage in force. This means that insured individuals continue to pay their premiums throughout their lives, ensuring that the death benefit remains intact and the policy does not lapse.

This approach assures individuals that they will have life insurance protection for their entire life, provided they continue making the required payments. The nature of these premiums is typically fixed; however, they are not variable or contingent on investments, which is another crucial characteristic that differentiates this policy from others. The permanent death benefits also further ensure that beneficiaries will receive the policy amount upon the insured's death, which is integral to the concept of a Straight Life policy.