But, generally speaking, term life insurance offers the largest amount of life insurance coverage for the lowest initial premium and is a good solution for people with temporary needs of 30 years of less, or a limited budget.
Permanent life insurance may be a good idea if you have a need for lifelong protection, or if want cash value that grows inside the policy.
Also, a combination of term life and permanent insurance policies may be the right plan to meet your needs. You can own more than 1 policy, so it's alright to have a term life policy and a permanent life insurance policy.
Compare term life and permanent life policies