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You know you need life insurance, but how much and what kind? Get personalized answers from Nelsonomics creator Danny Nelson with a Life Insurance Blueprint.
Placeholder Lesson:
** This lesson is generated with AI assistance and approved by Danny Nelson. This lesson will communicate the essence of the topic for now until Danny can create a full lesson. **
Permanent life insurance is any life insurance designed to last your entire lifetime rather than a temporary period.
As long as premiums are paid and the policy conditions are met, the coverage does not expire.
It includes products like whole life, universal life, and variable life.
These policies build cash value over time, which the owner can access under certain conditions.
Premiums may be level or flexible depending on the type.
Permanent insurance is often used for lifelong coverage or estate planning.