Which Life Insurance Policy Never Expires?

When it comes to life insurance, one of the most significant decisions you’ll make is choosing between term life insurance and permanent life insurance. Each option has its own benefits, but if you’re looking for a policy that never expires, permanent life insurance is the way to go.

Term Life Insurance

Term life insurance is an excellent option for those who need coverage for a specific period, such as 10, 20, or 30 years. If you die during the term, your beneficiary will receive the death benefit payout. Term life insurance is often cheaper than permanent life insurance and provides a similar payout amount.

Here is a table that compares term life insurance and permanent life insurance:

Term Life InsurancePermanent Life Insurance
Expires after a set periodNever expires as long as premiums are paid
More affordableMore expensive
Provides a death benefit payoutProvides a death benefit payout and cash value

Term life insurance is also an excellent supplement to permanent life insurance during specific life events, such as purchasing a home. By obtaining a term life insurance policy, your family can pay off your mortgage with the death benefit, leaving the permanent policy payout for other expenses.

Permanent Life Insurance

Permanent life insurance lasts for your entire life as long as you pay your premiums. It provides a death benefit payout and a cash value benefit that accumulates over time. There are two primary types of permanent life insurance: whole life insurance and universal life insurance.

Whole life insurance offers a set premium rate and lasts for your entire life, providing peace of mind and financial stability. Universal life insurance allows you to change your premium payment, providing more flexibility than whole life insurance.

It is essential to note that if you withdraw or borrow against your policy’s cash value without repaying it, you will reduce the cash value and death benefit of your policy.

Ultimately, the right life insurance policy for you depends on your individual needs and financial situation. At, our life insurance experts can help you explore your options and find the right policy for you. Call 1-866-912-2477 to speak with one of our licensed representatives today.

Burial Insurance Rates
We Sell Burial Insurance
  Cash Payout On Death
  Cash Value (Savings) While Living
...Without The Hassle
 NO Waiting Period
  NO Medical Exam
  NO Expiration
 NO Rate Increases