These two basic types of life insurance offer different benefits.
For instance, permanent life insurance offers you lifetime coverage and the ability to build cash value inside your life insurance plan over time, in addition to the death benefit.
Whereas, term life insurance is temporary life insurance that costs much less than permanent life insurance.
Term life insurance offers you lower prices, flexibility of choosing the term you need life insurance for, and the ability to buy more life insurance protection for your money. Here's how to learn more about the Advantages of Term Life Insurance.