What should a licensed professional explain before I make a decision on term versus permanent life insurance?

Term and permanent coverage should be compared based on the need each one is meant to solve. Look first to the policy contract and the latest illustration or benefit summary, and have a licensed professional explain in writing any guarantee, exclusion, surrender restriction, or beneficiary provision that matters. Term coverage often starts with a lower premium for a comparable death benefit, while permanent coverage is intended to continue for life and may build cash value if policy requirements are met.