There are many variations on the permanent life insurance policy, including whole life, universal life and variable universal life.
Most people prefer permanent life insurance when they reach a certain age, usually about 50, at which term insurance is no longer attractive.
Permanent life insurance can be viewed as having a core of something similar to term with an additional layer of a cash savings vehicle.
But if you are prosperous (assets in seven figures) and concerned about estate taxes, it could make sense to buy whole life, a.k.a. permanent life.
Trade groups later commissioned a "Task Force for the Future, " which in 2005 said the shift from the middle class toward wealthier customers was eroding the industry's political clout and undermining the argument for continuing the tax advantages of permanent life insurance.
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"We all admire the beaver for the way it can turn a linear river into a lake with a dam, but the termites turning the desert into a pattern of oases that allow permanent life even in drought periods for hundreds of years - that's much more fascinating, " he told BBC News.
Of the two main life-insurance tax preferences, the one that has faced the most scrutiny from Congress over the years is the provision that lets investment gains accumulate tax free within permanent-life policies.
WSJ: Shift to Wealthier Clientele Puts Life Insurers in a Bind
For most of the 1980s and early 1990s, Britain's splendid isolation was not so much a policy failure as a permanent condition of life in Europe.
The poet died in November 1953, aged 39, and the Dylan Thomas Centre is home to a permanent exhibition celebrating his life.
Her diary has absorbed tens of millions of readers worldwide with its simple, vivid account of a young girl's daily life in permanent refuge.
This applies to term and permanent policies including whole life.
He also said "The Personal Ordinariates are a permanent feature in the life of the Church and a sign of our lasting and unswerving commitment to that ultimate goal".
Summers, 34, from Livingston, admitted assaulting Mr Ferry, 23, to his severe injury, permanent impairment and danger of his life, along with Paul St Pierre.
Small wonder that restructuring is a permanent feature of big-five life.
Nevertheless the power you get when believing in yourself is permanent and going to change your whole life once you believe in what you can do!
An involved father is any dad who has made changes to his life, whether temporary or permanent, in order to meet the daily needs of his children or to spend more time with them.
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"The project will create up to 1, 000 local jobs during the four-year construction phase and 100 local permanent jobs for the 20-year operational life of the project, " he said.
Currie was originally charged with the attempted murder of Ms Docherty but later admitted to assaulting her to the danger of her life and assaulting Mrs Currie to her permanent disfigurement.
Attorney General Eric Holder and the Department of Justice had sought to levy thousands of dollars in fines against the pro-life activist as well as seeking a permanent injunction banning her from continuing her faithful 20-year ministry outside an abortion clinic in West Palm Beach, Florida.
Housed in large steel cages which flank the entrance to the site, Roig says they serve as a permanent reminder to visitors of the site's previous life.
Permanent insurance is a far more complex product that combines life insurance with some form of savings plan and is often designed to stay in force for life.
Best had the looks and charm to match his talent, a combination that meant he lived his life on and off the field under a permanent media spotlight.
Functions needed for the safety of life or protection of property and those that have permanent or dedicated funding sources will continue.
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The only exceptions are to save a woman's life, or if there is a risk of permanent and serious damage to her mental or physical health.
Because of life insurance's special status under tax law, permanent policies are sometimes used by wealthy individuals as an estate-planning tool.
The salient feature of American public life today is the extent to which the business of the permanent campaign has come to dominate the business of government.
"I really think I'm going to be able to live my life in a normal way, eventually, when I get that permanent prosthesis, " Ms. Abbott said, speaking at Brigham and Women's Hospital.
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And water would be all the more exciting on Ganymede because it is the largest moon in the solar system (larger even than the planets Mercury and Pluto) and, like earth, it has a permanent magnetic field that protects part of its surface from bombardment by certain sorts of life-destroying radiation.
And they show little appetite for more than blowing life into an existing but rarely used special contract that reduces the cost of firing permanent employees from 45 days pay per year worked to 33 days.
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Permanent insurance is much more expensive, but it has the advantage of offering a level premium for life.
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