Does Permanent Life Insurance Make Sense? 
I strongly believe it does for most people . While you pay more for permanent insurance initially , in later years you will be paying far less than if you buy term and keep renewing it every term period . Most people are living well into their 80 's and 90 's . If you can even find a policy that would renew to those ages , the premium would be extremely high . This is because term insurance premium go up with each renewal , permanent insurance premiums stay level . Permanent insurance also has what is called non-forfeiture options . This utilizes the cash value in the policy to help keep it in force should an illness or financial setback make premium payments unaffordable . You do not have those options with term insurance . 