Term Vs Permanent Life Insurance at Life

Term Vs Permanent Life Insurance. But, the difference between term life insurance and permanent life insurance is that the coverage permanent life insurance offers against the financial impact of death is lifelong. Permanent insurance remains in place as long as the policyholder makes payments.

It's best for lifelong needs like: The best way to decide if term vs. Depending on your age, health and the amount of coverage you need a term life policy may cost just a few hundred dollars a year.

Whats the difference between whole life and term life

Let us help you answer the term vs. Permanent life insurance question and select the coverage that best fits. When considering life insurance, one of the most important factors to understand is the difference between term and permanent insurance. It is also less expensive than permanent life insurance which accumulates cash value and provides other benefits.