What Is Permanent Life Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Permanent life insurance is generally any policy that has a maturity date past your life expectancy. There are five permanent life insurance policies:participating whole life, guaranteed universal life, current assumption universal life, indexed universal life and variable universal life. Their general maturity dates can run from age 85 to age 121.
    Answered on August 2, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Permanent life insurance: 1) does not expire and 2) has a savings component along with a pure death benefit component. It offers the opportunity to use the cash value while still alive with tax favorable treatment. The cash value can also be used to keep the policy in force without paying further premiums.
    Answered on August 2, 2013
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