What Is A Permanent Life Insurance? 
There are two basic types of life insurance : term and permanent . Term is for temporary needs , permanent is for lifetime needs . Permanent includes whole life , universal life and variations on each . They feature a design around premiums that are set to provide for lifetime coverage . That means paying more than term costs now to have coverage you can afford for the long term and protection that you can not outlive . The higher premium helps create cash value which , over time , keeps the coverage in force . 