You can customize life insurance to fit your needs. Term offers a death benefit for a specific period of time and little else.
Permanent insurance accumulates a cash value in addition to a death benefit.
Selecting the right type of life insurance depends on what you want it to do for you. To get the maximum protection for a limited period of time at the lowest initial outlay, the best choice usually is term insurance. On the other hand, permanent insurance makes sense if you want long-term coverage at a predictable premium and a way to accumulate funds for emergencies and future needs or opportunities. The waiver of premium is inexpensive and, without question, a good value. Accidental Death Benefit allows you to double or triple the basic face amount of your policy if you die in an accident.