Insurance Expert On Life Insurance

Insurance expert Gary Lardy is CEO of IntelliQuote, an online life insurance agency.  At, his company website offers the free life insurance awareness report,10 Things You Need to Know About Buying Life Insurance, including an explanation of term life insurance and permanent life insurance.

Term Life Insurance

Term life insurance covers a specified period of time – usually

10, 15, 20 or 30 years; if your death occurs within that time

period, your beneficiaries receive the face value of the policy,

tax free. These policies provide the most amount of

protection for a specified period at a fixed cost – with

premiums that are normally guaranteed to remain the same

for the duration of the term and increasing when the

guaranteed policy period ends.

Permanent Life Insurance

Permanent life insurance, including whole life insurance and

universal life insurance, provides protection over the course of

a lifetime, not just a set period. These policies also have a cash

value – a return on a portion of your premiums invested by the

insurance company. The cash value is tax deferred, until you

make a withdrawal and is available if you surrender a policy

before your death. Premiums for permanent life insurance

policies are considerably higher than term life policies.

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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