Final answer:
The plan that is not a traditional whole life insurance plan is Joint life insurance, which covers two people and pays out upon the first death, unlike other whole life policies that have a cash value and cover the lifetime of the insured.
Step-by-step explanation:
The insurance plan that is not a traditional whole life insurance plan is Joint life insurance. Whole life insurance plans are designed to provide coverage for the lifetime of the insured person with a death benefit and a cash value component. The common types of whole life insurance include Straight life (or ordinary life), where premiums are paid throughout the insured's life; Single premium life, where a lump sum is paid upfront; and Limited payment life, where premiums are paid over a specified period. In contrast, Joint life insurance typically covers two people with the death benefit being paid out on the first death.