What is permanent life insurance?
Permanent life insurance is also commonly known as whole life, adjustable, and variable life insurance. Permanent life insurance coverage is for lifelong protection. Pricing structure is built for payment over an extended period of time. As long as the premiums are paid, permanent life insurance will continue. Price structure can vary depending on those insured.
Related Questions
- Why is it better to have an irrevocable life insurance trust purchase alife insurance policy on the donor, rather than have the heirs themselves own a permanent life insurance policy with the premium paid by the heirs with gifts by the now- living donor?
- What factors will affect term or permanent life insurance rates?
- What Are the Types of Permanent Life Insurance Policies?
