What Is Permanent Life Insurance?
Lifelong protection, cash value growth, and financial flexibility – all in one policy.
Permanent life insurance is a lifetime coverage policy that includes both a death benefit (paid to your beneficiaries upon your passing) and a cash value component that grows over time. Unlike term life insurance, which expires after a set period, permanent policies remain active as long as premiums are paid.
Key Features of Permanent Insurance:
✅ Lifetime Coverage: Guaranteed protection for your entire life.
✅ Cash Value Accumulation: Builds a savings component that can be accessed while you’re alive.
✅ Tax Advantages: Offers tax-deferred growth and typically tax-free death benefits.
✅ Flexible Options: Some policies allow you to adjust premiums, death benefits, or investments.
How Permanent Life Insurance Works
Permanent life insurance is designed to provide lifelong coverage while building cash value over time. Here’s how it works:
Premiums: You pay regular premiums, a portion of which goes toward the death benefit and the cash value account.
Death Benefit: Your beneficiaries receive a tax-free payout upon your passing.
Cash Value Growth: The cash value grows tax-deferred and can be accessed during your lifetime for emergencies, retirement, or other financial needs.
Types of Permanent Life Insurance
Permanent insurance isn’t one-size-fits-all. Each type serves different financial needs:
Whole Life Insurance
Fixed premiums, guaranteed death benefit, stable cash value growth. Often includes dividends.
Universal Life Insurance
Flexible premiums, adjustable death benefit, cash value growth tied to interest rates.
Variable Life Insurance
Death benefit and cash value linked to investment funds (e.g., stocks, bonds). Higher growth potential but riskier.
Indexed Universal Life (IUL)
Cash value growth tied to a stock market index (e.g., S&P 500) with downside protection.
Why Permanent Life Insurance Matters
Permanent life insurance is more than just a safety net – it’s a powerful financial tool that offers:
Lifetime Protection
Guaranteed coverage for your loved ones.
Wealth-Building Potential
Cash value growth and tax advantages.
Flexibility
Access to funds for emergencies, retirement, or other needs.
Ready to Learn More?
Permanent life insurance is a lifelong financial strategy that offers protection, growth, and flexibility. Let us help you find the right policy for your needs.
