Instant Life Insurance Quotes Click here, enter your basic information, and we'll provide you with several quotes to choose from.

What is Permanent Life Insurance?

Permanent Insurance is an insurance policy that pays a death benefit to the primary beneficiary whenever the insured individual dies. This type of insurance last a lifetime.

There are two types of Permanent Life Insurance:

Whole Life: This type of insurance guarantees its premium to never increase (or decrease) according to your Mortality Cost and the insureds Expense Cost.

People who purchase Whole Life Insurance are looking for a lifetime policy with no risk of increased premiums. The downside is that if policy premiums do drop due to external circumstances (such as: life expectancy is increased due to medical research and life insurance premiums drop substantitally), a Whole Life Insurance policyholder will not see the benefit of decreased costs. Their payment remains constant throughout the policy's lifetime.

Universal Life: This type of insurance maintains an "adjustable" insurance premium that goes up and down with the general interest rate. In addition to varying insurance premiums, the Universal Life policy is more flexible in nature and can accommodate most changes a policyholder would like to make wheras a Whole Life policy would not.