Permanent Life Insurance

Permanent life insurance is a type of life insurance that is in force for the entire life of the life insured. It does not end due to any other factor other than death.

There are three main types of permanent insurance:

  1. Term to 100 (Term-100) insurance. It is a permanent policy that offers only death benefit and does not include any other benefits.
  2. Whole life insurance. This type of insurance policy provides additional benefits. A portion of premium payments create a cash reserve available to the policy owner.
  3. Universal life (UL) insurance. This type of insurance policy provides a cash reserve like whole life insurance. However, unlike whole life, UL policies direct a portion of a premium to an investment account. UL policies usually offer the most flexible premium and insurance options.

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