Is Term Life Insurance Better Than Permanent Life Insurance? 
Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money : The Name of The Game . I 'm answering questions from InsuranceLibrary.com and today 's question is , `` Is term life insurance better than permanent life insurance ? '' Well , did you hear the two words in there ? One is term and one is permanent . When I 'm looking at term insurance , I 'm looking at obligations . I 'm looking at liabilities that I may that are temporal that they are not forever . And so I 'm going to look at term insurance to cover those ideas , those indemnification needs , and if I have permanent needs them I 'm going have to look at different forms of life insurance that are permanent . It could be Par Whole Life . It could Current Assumption UL . It could be Indexed Universal Life . It could be Variable Life , depending upon what my propensity for risks are , but I 'm always looking , is this a temporary expense reimbursement ? Or is this a permanent need that will never go away ? It 's never not is term insurance better or worse than permanent ? It 's the issue of the need . Well , that 's our consumer question for the day . If you have any questions just submit them to www.InsuranceLibrary.com . 