Is Whole Life Insurance The Same As Permanent Life Insurance? 
The two major types of life insurance are Permanent and Term . Whole Life falls under the Permanent Category . Term life insurance gets its name because the premium stays the same for a period of years . Whole life insurance gets its name because the premium stays the same for your whole life . Whole life also has options where you can pay for a shorter period of time , and still have coverage for your whole life . 