AMD Financial Services LLC Blog
Term vs. Permanent Life Insurance
Term insurance provides coverage for a specified period. Permanent insurance is designed to remain in force for life when policy requirements are met.
Why it matters
Term insurance is often selected for temporary needs such as income replacement, a mortgage or years when children are dependent.
What to review
Permanent policies may provide lifelong coverage and cash value, but generally cost more and require careful long-term funding.
This article provides general education only. Policy terms, benefits, charges and availability vary. Review official policy documents and consult appropriate professionals.
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