What’s the difference between Term Insurance and Permanent Life Insurance?

Here’s a quick breakdown of the key differences between the two, and why you might want to consider both.
For more about life insurance💡visit: www.northweste...
Get matched with the right advisor today 🤝: www.northweste...
Subscribe to learn more about Northwestern Mutual on RUclips: / northwesternmutual
Connect with Northwestern Mutual 🔗:
● Follow on Facebook: / northwesternmutual
● Follow on Instagram: / northwesternmutual
● Follow on LinkedIn: / northwestern-mutual
● Follow on TikTok: / northwesternmutual
**
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to more than five million people with life insurance, disability income and long-term care insurance, annuities, and brokerage and advisory services.
**
Transcript:
What’s the difference between term insurance and Permanent Life Insurance. So term insurance is temporary. It makes sure that you have enough death benefit to leave behind for your family. Usually cost efficient. When it comes to Permanent Life Insurance, it’s more permanent. So that means that over time, it doesn’t matter what age you pass away. There’s always going to be a death benefit that gets left behind. And it does build cash value that you can use while you’re living.