Frequently Asked Questions

What Is Permanent Insurance?

Unlike term insurance, permanent insurance is meant to cover you for your entire life; hence, it’s “permanent”. There are two payment options. First, you can pay for the rest of your life (until age 100). This is the cheaper option, but I know what you’re thinking…. for the rest of my life??? That sounds like a long time. The second option is “paid up permanent insurance”. Like term insurance, there is also a first payment date and a last payment date, but unlike term insurance on the last payment date the policy is said to be “paid up.”

Paid up permanent insurance means that you paid your premiums for a defined period, 10 or 20 years for example, and you are now covered until you die without having to pay another nickel!


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