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permanent life insurance

An umbrella term for a variety of plans that combine a death benefit similar to a term life insurance plan with tax-sheltered savings arrangements. Permanent life policies, as their name implies, are meant to be held and paid into for the duration of the insured's life. Because of this, there are significant fees associated with setting up the policy. Despite these fees, the tax advantages can make permanent life a valuable investment over a long period of time. also called cash value insurance.

Related information about permanent life insurance:
  1. Permanent life insurance - Wikipedia, the free encyclopedia
    Permanent life insurance is a term sometimes used for life insurance, such as whole life or endowment, where the sum assured is due to be paid out at the end ...
  2. 5 things to know about permanent life insurance - Mar. 16, 2010
    Mar 16, 2010 ... The purpose of life insurance is to protect your family's finances when you die. Permanent insurance does that for your entire lifetime, with an ...
  3. Permanent Life Insurance - Allstate Financial
    Learn more about permanent life insurance and decide whether it's right for you and your family. Permanent insurance is designed to help provide your loved ...
  4. Term or permanent life insurance? - 1 - policy limits - MSN Money
    Mar 16, 2011 ... How do you know if you have the right coverage? Here's a quick look at all of the options: term, whole, variable and universal. - MSN Money ...
  5. Permanent Life Insurance Definition | Investopedia
    An umbrella term for life insurance plans that do not expire (unlike term life insurance) and combine a death benefit with a savings portion. This savings portion ...
  6. Permanent Life Insurance | Northwestern Mutual
    Make permanent life insurance part of your financial planning with Northwestern Mutual.
  7. When to Purchase Permanent Life Insurance Over Term
    Apr 2, 2010 ... Permanent life insurance has taken a back seat to term life insurance, but that doesn't mean there aren't any situations where the long term ...
  8. Whole Life Insurance or Term? -
    Apr 5, 2012 ... We'll give you a hint: The one you want begins with a T. Here's why it makes sense for most people.