Permanent Life Insurance

Permanent coverage provides lifelong benefits

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Permanent Life Insurance


Permanent Life Insurance Types

When it comes to purchasing life coverage, there are several types of options to consider. One of the most popular options is permanent life insurance, as it provides coverage for your entire lifetime. However, it is important to understand the differences between the various types of permanent policies.

There are policies that allow the policyholder to pay premiums over a set period of time, while others require payments throughout the entire duration of the policy. Here are the most common types of permanent life policies.

  • Indexed Universal Life (IUL)
  • Guaranteed Universal Life (GUL)
  • Hybrid Life & Long Term Care
  • Whole Life Insurance
  • Single Premium Whole Life (SPWL)
  • Joint Life Insurance 
  • Final Expense / Burial Insurance 

Obtaining permanent coverage is a way to ensure that your loved ones will be taken care of after you pass away. Most forms of permanent life insurance also provide living benefits that can and help offset future healthcare expenses in the event of disability chronic, or critical illness. Whole life and IUL policies accumulate cash value that you can use to pay future premiums, withdraw or even borrow against to supplement retirement income. 

Overall, permanent life insurance provides the most flexibility of all forms of life insurance. Schedule some time on our calendar, one of our insurance advisors will work with you to find the best fit for your scenario.