In other words, permanent insurance offers cash accumulation for the insured person who does not die. Its premium remains constant until the time that the policy is paid or the insured reaches age 99. It offers permanent protection. The type of insurance purchased depends on each person's particular needs and constrains. Your income, number of dependents, health, and habits would affect your needs and cost.
Most companies have additional provisions allowing a non premium payment in case of disability.
Furthermore, some companies provide major sickness disability protection at a slightly higher cost. But, if you need full disability coverage, you should consider disability insurance. Depending on the insurance that you chose you can protect your wife and kids under the same policy. Also, they can be your beneficiaries. Please fill out this form for more information.