Why Do So Many People Get Term Life Insurance Instead of Permanent?

There are several good reasons people choose to buy a term life insurance policy instead of purchasing permanent life insurance.

One of the most common reasons is Price.

Permanent life usually costs up to 5-10 times more for the same amount of life insurance compared to term life.

That means, you can buy a lot more protection for your family by choosing a term life insurance policy.

Another popular reason is Flexibility.

With term life you choose the duration of coverage you need your life insurance protection to last.

You may be able to choose a term life policy lasting for a duration of 10, 15, 20, 25 or 30 years, to meet your family's specific needs.

Learn more about why so many people get term life insurance instead of permanent life insurance.