First, consider how long you need life insurance?
If you need life insurance for a period of more than 30 years, then a permanent life insurance policy can help you accomplish your goal.
If your life insurance needs are for 30 years or less, then a term life policy can help.
Also, are you on a budget? If so, term life insurance offers much lower prices than permanent life insurance, and it offers you the flexibility of choosing the length of time you have coverage from 10, 15, 20 or 30 years of life insurance protection.
Keep in mind, you can own both a term life insurance policy and a permanent life insurance policy to meet your varying needs for life insurance protection.
Also, if you are married or have a partner, you may both need life insurance to meet your goals.
Learn more about term versus permanent life insurance.