Permanent Life Insurance Options
April 29, 2020 by Ashley Chorpenning
Life insurance is designed to financially protect your loved ones in the event you pass away. If you’re shopping for life insurance and decide you need coverage throughout your entire life, permanent life insurance guarantees lifelong protection and comes with a cash value component.
While permanent life insurance is more expensive and complicated than term life insurance, there are some cases where it can make sense to purchase this type of policy. If you’re considering a permanent life insurance policy, here’s what you need to know before you make your final decision.
Who Needs Permanent Life Insurance?
There are a few typical goals that lead people to permanent life insurance: