Affordable Life Insurance Protection for Your Family

What Life Insurance Policy Never Expires?

Permanent life insurance refers to a type of life insurance policy that never expires, unlike a term life insurance policy, and combines both a death benefit with a savings component.


The two primary types of permanent life insurance plans are whole life insurance and universal life insurance.


Permanent life insurance policies enjoy favorable tax treatment.



Does Term Life Insurance Expire?


Yes. Term or temporary life insurance, provides coverage that lasts for a specific duration, usually up to 30 years.


However, you may be able to choose a policy term of 10, 15, 20, 25, 30, 35 or 40 years, depending on your age and health.


Permanent life insurance is a type of insurance policy that does not expire, as long as you continue to pay the premiums on time. Permanent life is designed to last for the entire duration of your life, so you have a guaranteed way to leave behind financial support to your beneficiaries which you choose.


Does Whole Life Insurance Expire?


Unlike term insurance, the life insurance coverage provided by a whole life policy does not expire. The policy will stay in effect until the insured person dies or until the coverage is canceled.


The annual cost of life insurance is higher for permanent policies than it is with term life because of the duration of the policy.


Can You Outlive Permanent Life Insurance?


The most obvious difference between Term and Whole Life: Permanent life insurance provides coverage you can’t outlive, as opposed to a limited term of, 15 or 30 years, which you may outlive.


Unlike term insurance, permanent (universal life and whole life) policies are not a "pure life insurance" product – they include a cash value component, they are not just pure protection providing only a death benefit.


Does Whole Life Insurance Provide Permanent Protection?


Whole life policies are the most common type of permanent life plans.


Usually, whole life premiums and death benefits remain fixed (the same) for the entire duration of the policy.


Whole life policies usually have a guaranteed rate of return.


Whole life policies are the most common type of permanent life plans.


Usually, whole life premiums and death benefits remain fixed (the same) for the entire duration of the policy.


Whole life policies usually have a guaranteed rate of return.


Life Insurance Quotes

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What Life Insurance Policy Never Expires?

End of Life Insurance


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