Please change these paragraphs into simple english in bullet points

(Continued) - Ordinary life insurance is a level-premium policy that accumulates cash values and provides lifetime protection to age 121 - Premiums are level throughout the premiumpaying period - The excess premiums paid during the early years are used to supplement the inadequate premiums paid during the later years of the policy. Types of Whole Life Insurance (Continued) - Another characteristic of ordinary life insurance policies is the accumulation of cash surrender values - A policyholder overpays for insurance protection during the early years, resulting in a legal reserve and the accumulation of cash values - The policyholder has the right to borrow the cash value or exercise a cash surrender option - An ordinary life policy is appropriate when lifetime protection is needed and can be used to save money