Either one may be right for you depending on your needs.
If you’d prefer coverage for a limited length of time at a lower cost, temporary life insurance – or term coverage – might be just right for you. Term life insurance is popular among people seeking the lowest-costing options to provide the coverage they need.
If you’re looking for lifelong protection with advantages that might include building cash value, or even possibly earning dividends, consider permanent life insurance. Permanent life insurance is a good way to ensure you are covered for your whole life.