What Is Permanent Life Insurance

What Is Permanent Life Insurance. Permanent life insurance includes a number of life insurance products that can provide you and your loved ones with lifelong protection. Unique features of a permanent life insurance policy when you purchase permanent life insurance, you have the option to lock in premiums.

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Permanent life insurance is a type of policy that doesn’t expire, and typically combines a death benefit with cash value accumulation. Permanent life insurance lasts your entire life or up to 99 years of age as long as you pay the premiums, which typically stay the same throughout your lifetime. What is permanent life insurance?

What is permanent life insurance?


Permanent life insurance covers you for the rest of your life and pays out regardless of when you die, as long as you’ve paid your premiums. So, whether you pass away immediately after purchasing coverage or 50 years later, your. That’s what makes it different from the other main type of policy, term life insurance.

Two of the most common types of permanent life insurance are whole life insurance and universal life insurance.


You can access money in your policy through a loan or a withdrawal. As the name suggests, permanent life insurance is best suited to protect ‘permanent’ or ‘lifelong’ needs such as estate tax. Typically, permanent life insurance combines a death benefit with a.

Permanent life insurance is often called whole life insurance because it covers you for your whole life.


The death benefit is what is paid to your beneficiaries when you pass away, and the cash value accumulates throughout the life of the policy (as long as you keep paying your premium). Permanent life insurance is there to help protect your loved ones when you die. Permanent life insurance is one way to financially protect your loved ones as well as to build wealth.

Here is a look at some additional reasons to buy permanent life insurance.


Affordable, flexible term life insurance at your pace. Make sure to include specific information in your will if you want to make sure the money is spent in a specific way, such as a child’s education. It covers you for your entire life as long as you make sufficient and timely premium payments.

It’s designed to last for your entire life, so you have a guaranteed way to leave behind financial support for those you choose.


No matter how old you are, your beneficiaries receive a payout, called a death benefit, when you die while your policy is still active. Some plans can build cash value over time. Permanent life insurance includes a number of life insurance products that can provide you and your loved ones with lifelong protection.

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