Guide
Term vs. permanent life insurance
What each kind is for, what it costs, and why most families start with term.
Term life provides a flat benefit if death occurs within a defined term—typically 10, 15, 20, 25 or 30 years. It's the most popular option for households managing mortgage debt and raising children.
Permanent life (whole life, universal life and hybrids) is meant to remain active throughout your life and accumulates cash value. It carries a higher premium than term. Quotes are shown for reference.
How to choose
Many households pick a 20- or 30-year term sized to their actual financial commitments, and review it periodically as circumstances evolve.
What people in Saratoga often do
Many households pick a 20- or 30-year term sized to their actual financial commitments, and review it periodically as circumstances evolve.