Permanent Life Insurance
Permanent life insurance provides coverage for the life of the insured individual(s). These policies are more complex and expensive than term life insurance. They often accumulate tax deferred cash values from which future premiums can be paid or policy loans can be made. These policies typically stay in force as long as the premiums continue to be paid. Some of the main types of permanent life insurance policies are whole life insurance, universal life insurance and variable life insurance.
