The main difference between term life insurance and Permanent life insurance comes down to
how long you’re covered for. Permanent life insurance policies insure the whole of your life –
meaning you will remain covered until you pass away or make a claim. With term life insurance,
your cover will eventually expire after a set number of years or when you reach a certain age,
whichever comes first. anent Life Insurance?

Each type of life insurance policy will have its own benefit, so you should always consider your
personal needs before deciding which one is right for you. It’s also important to remember that
there are no official criteria for either of these types of policies. You may find that some term life
insurance policies are very different from others, so don’t expect the same features and benefits
across the board.

Before taking out life insurance, it’s recommended that you check any existing life cover that
you have, don’t cancel any current coverage until your new application is accepted, check
any accrued benefits, and the possibility of waiting periods starting again and always.