What is a permanent life insurance policy?

What is a permanent life insurance policy?

Unlike term life insurance of limited duration (5, 10, 20, 30 years ...) and serves to protect against the risk of a loss of income in case of death, here, with life insurance permanent, insured persons pay higher premiums for their guaranteed capital up to the time of death and generally throughout their lives.

With permanent life insurance, you are insured regardless of your state of health. You can add your own health coverage (such as critical illness insurance) and even life insurance for your child (ren).

You can define the non-taxable amount (capital or annuity) with which you are insured and which will be paid to the recipients of your choice after the death. Depending on the changing needs, you can even change the amount of permanent life insurance during the term of the contract.

You can be sure that there will be no financial problem for your beneficiaries in the event of death.


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