Do you know the difference between Term & Permanent Life Insurance?

Term Life – Usually less expensive because it provides death benefit protection without the build-up of a cash value.  Premiums are typically paid monthly (same amount every month) for the selected period – such as 10, 15, 20 or 30 years.  You choose the amount of time and the amount your policy is worth.  Many of our term policies allow you to convert to a permanent policy without having to get another medical evaluation.

Permanent Life – A permanent life policy is just that … permanent!  It is designed to last your lifetime with regular premium payments.  These payments are typically higher than a Term Policy, but that is because you are also accumulating cash value in your policy in addition to the death benefit.