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Term vs Permanent

Have a newborn or a mortgage that you need to protect? Term life insurance can offer the most affordable temporary protection for a high coverage amount, while permanent insurance offers lifetime coverage and additional health and savings benefits.

Permanent

  • Lifelong coverage
  • Retirement benefits such as income or cash for health emergencies
  • More expensive monthly premium

Term

  • Cheapest monthly premium
  • Coverage expires after term period
  • Premiums double or triple if coverage is renewed