Is term life insurance permanent life insurance?

1 answer

Answer

1028495

2026-05-16 08:15

+ Follow

Nope. Term and Permanent (whole life) are two different types. Term only lasts for a 'term'.

Term life insurance provides a set amount of coverage for a specified term. Once that term period has expired, your rate can change as your policy would then have to be renewed.

Whole life insurance provides coverage for the entirety of your life. It offers a guaranteed death benefit as well as a cash savings component at a fixed monthly premium.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.