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Read More →Not sure which type of life insurance fits your situation? Here is a plain-English comparison to help you understand the basics before booking a strategy session.
| Feature | Term Life | Permanent Life |
|---|---|---|
| Coverage period | Fixed term (10, 20, or 30 years) | Your entire life |
| Monthly cost | Lower (e.g., $20-$40/mo for healthy 30-year-old) | Higher, builds cash value over time |
| Cash value | No | Yes, grows tax-deferred |
| Best for | Income replacement, mortgage protection, young families | Estate planning, legacy building, wealth transfer |
| Simplicity | Simple and straightforward | More complex, more options |
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