Term Life Insurance

Term life insurance is a type of life insurance that provides coverage for a specified term or period of time. It is designed to provide financial protection to your loved ones in case of your untimely death during the policy term.

Permanent Life Insurance

Permanent is a type of life insurance policy that provides coverage for the entire lifetime of the insured individual. Unlike term life insurance which provides coverage for a specific period of time, permanent life insurance remains in effect as long as the premiums are paid.

One type of permanent life insurance is Whole Life Insurance. This is a plan that can last your entire life provided you make premium payments.  The death benefit/coverage amount and premium usually remain the same for the duration of the policy.  These types of policies can grow cash value the longer you have them

Universal Life is another permanent option.  These generally offer cash value but it is not guaranteed.  They are typically a cheaper alternative to lifelong coverage.