Permanent life insurance lasts your whole life, while term insurance lasts a set period, such as 10, 20 or 30 years, or to age 65 or 85. Both pay a death benefit, but term insurance pays only if you die during the term.
What distinguishes permanent from term life insurance?
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
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