1. 3485 POINTS
    J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    Permanent Life Insurance is another name for Universal Life Insurance. You set the premium based on how much coverage you want and what age it is guaranteed to.

    Your age, health conditions, tobacco use, weight, gender, family history, etc. all affect the premium so there is no way to really answer your question.
    Answered on April 10, 2013
  2. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    You ask a good question, but there are too many variables that must be answered first before a reliable answer may be given. First there are a variety of types of "permanent" life insurance. There's Universal Life, Variable Universal Life, Indexed Universal Life, and my personal favorite, Whole Life. (There are also other types, but you didn't add any other qualifiers so I'm assuming you mean for an individual).

    When a 'type' is decided on then the questions are: who is to be insured? What is their age, gender and health condition? Do they engage in hazardous occupation or avocation? Then how much insurance? So in order to answer your question the parameters need to be set by the answers to these questions. Your best bet is to consult a qualified Insurance Adviser who can help you decide on the best product and the correct amount of insurance to meet your goals and needs.
    Answered on September 17, 2015
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