Permanent life insurance are life insurance plans that do not expire. They are different from term life insurance which do in fact expire. Permanent life insurance combine a death benefit that also includes a savings portion. The advantage of this savings portion is that you can actually build them into a cash value which would allow the owner of the policy to use towards anything they want such a college tuition or paying off a mortgage etc…
The two main types of permanent life insurance are universal and whole. If you have any questions or need more info please do not hesitate to contact us. We are more than happy to answer any questions that you may have.
