Is Permanent Life Insurance Coverage the Best Type of Life Insurance?
Permanent life insurance policies offer a lot of guarantees making it hard to argue that they are not the best type of life insurance coverage. Permanent life insurance may not be for everyone however.
Permanent life insurance has a much higher premium compared to term life insurance.
If your needs are not permanent and only temporary, then you might want to consider looking at term life insurance policy.
If you find yourself with both temporary and permanent needs consider looking into purchasing both a term and permanent life insurance policy. You can always cover your temporary need with the term life insurance and your long term needs with the permanent life insurance.