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This type of insurance is reasonably uncommon although it can be looked at as considerably better than the usual whole life insurance.  No-load simply refers to the life insurance not being commissioned-based.  The payments in the initial year are comparable to the traditional insurance packages.  It also has its distinctive characteristics like the feature of zero surrender charges and also the earlier cash value accessibility.  It is important to know that most insurers to not offer no load insurance.

You may be forgiven in assuming that no load insurance is there for the purpose of only doing away with insurance brokers or agents.  This is not the case as the agents are paid by the potential life insurance client which makes the fee comparably lesser than the usual life insurance policy.  It is also advantageous as it gives you a better chance to build your cash value because the cost of your premiums are channelled through to the insurance agents by means of commissions.

Another terminology used to refer to no-load life insurance if low load insurance.  The two are one in the same and you are advised in selecting an insurer that specialises in providing advisors.