Permanent Life Insurance Policy

Permanent Life Insurance Policy

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Permanent Life Insurance Policy

Permanent Life Insurance Policy definition:  A permanent life insurance policy provides coverage for the owner’s entire life and does not need to be renewed.  Premiums are based on the life expectancy of the insured. See the definitions for whole life insurance, universal life insurance, and variable life insurance for more information.  Term life insurance has an expiration and is not permanent.

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