What Is Better Term Or Permanent Life Insurance? 
Remember that life insurance is purchased to cover life 's liabilities . If those liabilities are not ongoing , then term should be considered . If the liabilities are perpetual , then apermanentpolicy is necessary . A few variables to consider here : If you 're under age 50 then you should be able to obtain term lifeinsurancecoverage up to 30 years . Keep in mind that you should purchase a term life insurance policy that allows you to convert topermanentif life ` sexpectationschange . If you 're older than 50 and your obligations are greater than 20 years you may have to purchase apermanentlife insurance policy . Age and length of coverage play an important role in the decision making process on purchasing term orpermanentlife insurance . 