Permanent Life Insurance
Lock in Protection with a Permanent Life Insurance Policy Today
When it comes to any type of life insurance, the sooner you’re covered, the better. With a permanent life insurance policy, starting early in life means more affordable rates and more time for your policy to build cash value.
Get a Lifetime of Coverage with Permanent Life Insurance
Find Certainty and Security in a Permanent Life Policy
Permanent life insurance is an umbrella term for a pool of life insurance policies that share two main characteristics: lifelong coverage and the ability to build cash value, tax-free. While permanent life policies are usually more expensive than term life insurance, they're also more flexible and the policy’s savings vehicle can eventually make a permanent life policy self-sustaining (meaning your premiums are fully covered) in the long term.
A permanent life insurance policy is a good option for you if:
Benefits of Permanent Life Insurance
No Medical Permanent Life Insurance Options
There are many different types of permanent life insurance – including guaranteed issue, indexed universal, and whole life – each with its own qualification requirements and policy benefits. At Principled Life, we've removed the biggest hurdle to applying for permanent life insurance: the medical exam. We will never ask you to see a doctor or undergo medical tests to be approved for the best permanent life insurance policy for you and your family.
Guaranteed Death Benefit
Planning for your family's future after you're gone can be... uncomfortable, to say the least. No one wants to think about difficult things, but we do it because we love our families and want what's best for them, no matter what. Thankfully, in a world filled with uncertainties, one thing that's guaranteed is the lump sum death benefit your beneficiaries will receive from your permanent life insurance policy.
Builds Cash Value Over Time
As with any other type of life insurance, permanent life policies require a regular premium payment (usually monthly) to keep the policy in good standing. Permanent life policies, however, take a portion of each premium payment and put it into a savings or investment vehicle, called cash value. These funds typically earn interest or investment gains, all of which are tax-free. Eventually, you can use this cash value to borrow against for non-insurance-related financial needs or use the funds to pay premiums, making your policy self-sustaining.
Term vs Permanent Life Insurance
| Term Life Insurance | Permanent Life Insurance | |
|---|---|---|
| Period | 10 - 30 Years | Entire Life |
| Cost | Lower Premiums | Higher Premiums |
| Coverage Reliability | Renewal Can Be Denied | Permanent |
| Cash Value | None | Savings / Investment Vehicle |
Permanent coverage equals permanent peace of mind.
Life insurance is more than just a way to protect your family – it's also an investment in your family's future. Let the life insurance experts at Principled Life help you find the best type of permanent life insurance for you and start investing today.
You’ve made it this far… Let’s get this done!
Give us 30 minutes and we’ll find you insurance that fits your life. It’s that simple.
Permanent Life Insurance FAQs
Permanent Life Insurance Options
Guaranteed Issue
A guaranteed issue permanent life insurance policy is just that – 100% guaranteed – no matter your age or health status.
Indexed Universal
Safe and reliable, indexed universal life insurance policies build cash value by investing in trusted index funds to grow savings.
Whole Life
Simple and straightforward, whole life policies have fixed premiums and fixed death benefits but their cash value grows at lower interest rates.
Finally, Peace of Mind
Rest easy tonight knowing your family is taken care of no matter what. All it takes is a quick call.