What Is The Difference Between Term And Permanent Life Insurance? 
A simple explanation is that term insurance is temporary and expires at some point and permanent insurance is designed to be in force when you die , not if you die during the term . With term insurance the premium charged is guaranteed for a term be it 5 , 10 , 20 or 30 years . Term coverage can usually be covered to permanent insurance at a age mentioned in the contract , typically prior to age 65 . Permanent insurance premium can be level and may or may not contain a cash value depending on the design of the policy . I suggest you work with a local independent insurance agent / broker to assist you in finding the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 