Term life insurance only lasts for a certain number of years, usually between 10 and 30, before it expires, and you have no coverage.
If you own term life insurance, at some point your coverage will cease and you will no longer be protected by that policy.
On the other hand, permanent life insurance provides coverage that will never expire, leaving you protected regardless of how many years pass, as long as you pay your premiums.
Permanent life insurance typically costs a lot more than term.
Some people choose to buy a term life insurance policy for their shorter term needs, and a permanent life insurance policy for their end of life needs.
Here's how you can compare the pros and cons of term life insurance vs permanent life insurance to find out for yourself which may be right for you and your family.
If you own term life insurance, at some point your coverage will cease and you will no longer be protected by that policy.
On the other hand, permanent life insurance provides coverage that will never expire, leaving you protected regardless of how many years pass, as long as you pay your premiums.
Permanent life insurance typically costs a lot more than term.
Some people choose to buy a term life insurance policy for their shorter term needs, and a permanent life insurance policy for their end of life needs.
Here's how you can compare the pros and cons of term life insurance vs permanent life insurance to find out for yourself which may be right for you and your family.
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