brandlogo
Health Options USA LLC
QUESTIONS ABOUT YOUR MEDICARE BENEFITS, RIGHTS AND OPTIONS? CALL US 954-283-9933
Home
Home Page - Medicare Insurance
Medicare Information
Medicare SimplifiedMedicare 2025 Costs at a GlanceGet your Medicare & You HandbookMedicare: What you need to knowMedicare Advantage PlansWhat is Medicare Supplement (Medigap) Insurance?Part D Prescription Drug PlansFive Things to Know About Your Medicare CardLet's Talk About Your Medicare OptionsWhere to Get Your Medicare Questions Answered
Health Insurance
Pre-65 Health Care InsuranceShort-Term Medical InsuranceWhat You Need to Know About Health InsurancePreventive health services for adultsEssential Health BenefitsPick your health insurance plan earlyRequest A Quote
Life
Which Makes Sense for You: Permanent or Term Life Insurance?Term Life Insurance with Living BenefitsHow Much Life Insurance Is Enough?Burial and Final Expense InsuranceRequest A Quote
Request a Quote
Request a Quote
About Us
About UsContact Us
For Agents
Careers With Our Agency

Which Makes Sense for You: Permanent or Term Life Insurance?

image

 

In a very broad sense, there are two types of life insurance:

 

  • permanent life insurance and
  • term life insurance.

Permanent life insurance is a type of life insurance that can stay in force for your entire life, as long as you pay your premiums in full. Permanent life insurance usually, but not always, builds cash value for you that you can use for expenses later in life.

 

On the other hand, term life insurance is only in force for a specified amount of time: usually 10, 15, 20 or 30 years. At the end of the term, your coverage expires and you will need to either convert your policy to a permanent life insurance plan (if available) or purchase a new policy for a new term. The advantage of term life insurance is that it's somewhat less expensive than permanent life insurance.

 

Which is right for you?

The answer depends on what you’re trying to accomplish by having a life insurance policy. Are you insuring your life so that when you pass away your children will be able to go to college and your spouse will be able to pay off the mortgage? These are temporary concerns and so a temporary form of life insurance - term life - is best suited to address them.

 

However, if you are concerned about providing income to a widow or widower for life, funding retirement, or passing wealth to a future generation then you will find that permanent life insurance is better suited to address these goals.

 

Always ask yourself why you need your life insurance policy. If it’s for a temporary goal, then term insurance is probably best. If it’s to address a long-term need or concern, then it’s time to start looking at permanent policies.

 

Life
  • Which Makes Sense for You: Permanent or Term Life Insurance?
  • Term Life Insurance with Living Benefits
  • How Much Life Insurance Is Enough?
  • Burial and Final Expense Insurance
  • Request A Quote
Ask Us A Question

Your information will not be shared.

Health Options USA LLC

Follow Us

About Us

Other Links

Contact Us
Privacy Policy
Legal Terms

Address

2450 Hollywood Blvd Suite 203
Hollywood
Florida
33020
954-283-9933

This is a solicitation for insurance. Submitting information or calling numbers listed on this website will direct you to a licensed Agent/Broker.

Important disclosures about Medicare Plans: Medicare has neither endorsed nor reviewed this information. Not connected or affiliated with any United States Government or State agency. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

© Copyright 2025Health Options USA LLCAll rights reserved.
Insurance Websites by AgentMethods
...