permanent life insurance

**permanent life insurance**

Permanent life insurance is a type of life insurance policy that provides coverage for the insured’s entire lifetime, as long as premiums are paid. Unlike term life insurance, which offers protection for a specified period, permanent life insurance combines a death benefit with a savings component, also known as cash value, that grows over time. This policy is ideal for individuals seeking long-term financial security, estate planning benefits, and potential opportunities to borrow against the accumulated cash value. Common types of permanent life insurance include whole life, universal life, and variable life insurance.