Question

When does permanent life insurance make more sense than term?

A family is comparing term coverage with permanent life insurance. The question I want to settle is this: when does permanent life insurance make more sense than term?

Asked in Charleston, SC · Jun 23, 2026 · 1 answer

Answer
Soradin

Soradin

General information

Posted Jul 24, 2026

A term policy is generally less expensive at the outset for a given death benefit, while permanent coverage costs more but is designed to continue for life and may build cash value. Term and permanent policies address different insurance needs. Base the review on the policy language and the most recent illustration or benefit summary, and have a licensed professional explain in writing any guarantee, exclusion, surrender restriction, or beneficiary provision that matters.

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Soradin provides general educational information only. It is not legal, financial, tax, insurance, or funeral advice. Consult a qualified professional in your area for guidance specific to your situation.