What Is Permanent Life Insurance And How Does It Work? 
Permanent life insurance is the only plan specifically designed to be in force when you die . Most permanent plans mature -LRB- or endow -RRB- at age 100 which fully exceeds the average life expectancy of most individuals . Permanent life insurance plans charge a risk or mortality premium plus and extra amount to build up reserves designed to keep the policy in force as the policyholder ages . These excess premiums are reflected as cash value in most plans . 