No. Permanent life insurance covers you for your whole life, as long as premiums are paid. With universal life, coverage lasts as long as the account inside the policy can cover the monthly cost of insurance and fees.
Does permanent life insurance ever expire?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about permanent life insurance
Life insurance that lasts your whole life, with options that build cash value.
More questions about permanent life insurance
- How does permanent life insurance work in Canada?
- What is the minimum age requirement for permanent life insurance in Canada?
- What distinguishes permanent from term life insurance?
- How does the cash value in a permanent life insurance policy work?
- How long are premiums paid for permanent life insurance?
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