Question

Which is a feature of permanent insurance?

Answer 1

A term policy's cost increases at the end of each term. If you own a term policy and you want to increase your coverage, your health will have to be ...

Answer 2

The main characteristics of permanent insurance policies are:

• provides life-long protection since it will remain in force for as long as premiums are paid
• build cash value on a tax-deferred basis
• they are priced considering that the policy holders will keep them over long periods of time