Whats the difference between a free term life insurance quote and a permanent life quote?
Permanent life insurance and term life insurance differ in purpose, the length of coverage, and cost. Permanent life insurance is for people who would like a lifetime of protection in addition to the option of building cash value with their policy. With permanent life insurance, you pay the same premiums over your lifespan, but this type of policy will cost more initially than term life insurance. If you apply for a free term life insurance quote, you will see quotes on policies that provide insurance protection for a limited amount of time, usually 10, 20, or 30 years. Once this term expires, your protection ceases unless you renew. Term life insurance does not accrue cash value. You can get a maximum amount of protection for a minimal cost with term life, but your premiums could become unaffordable once your term expires.
