What Is Permanent Life Insurance And How Does It Work? 
Death is an inevitability not a probability . For that reason companies issue permanent life insurance policies . These are policies that will be in force on the day that you die as long as you pay the premium . The way that the companies keep this promise is to collect more money than is necessary to meet the cost of insuring a person for the coming year and hold that in reserve . As the reserve increases the need to purchase insurance decreases . There are permanent policies which may accept less in the early years but will require more to remain permanent in later years . 