{"id":169,"date":"2026-09-30T12:00:00","date_gmt":"2026-09-30T18:00:00","guid":{"rendered":"https:\/\/www.irvingtoninsurance.com\/blog\/?p=169"},"modified":"2026-09-22T08:47:55","modified_gmt":"2026-09-22T14:47:55","slug":"what-s-the-difference-between-term-and-permanent-life-insurance","status":"publish","type":"post","link":"https:\/\/www.irvingtoninsurance.com\/blog\/what-s-the-difference-between-term-and-permanent-life-insurance\/","title":{"rendered":"What’s the Difference Between Term and Permanent Life Insurance?"},"content":{"rendered":"

If you want life insurance, the first step is to decide which type of life insurance is best for your situation. There are different types including term and permanent policies. At Irvington Insurance servicing Indianapolis, IN, our team can explain the difference and help you choose the best policy for your circumstances. The type of life insurance you choose will affect you into the future, so it’s important to get it right. We can help. <\/p>\n

What Is Term Life Insurance?<\/h2>\n

Term life insurance lasts for a specific length of time. Most term life insurance policies only last 10, 20, or 30 years. Once the policy ends, you may be able to extend the policy. Term life insurance is usually available for a lower cost than permanent life insurance, but it doesn’t build cash value like permanent life insurance. Once the term is over, the policy goes inactive. If you die while the policy is active, the death benefit may be paid to your beneficiaries.<\/p>\n

What Is Permanent Life Insurance?<\/h2>\n

Permanent life insurance is a policy that will last as long as you pay the premium. When you die, if the policy is active, the death benefit may be paid to your beneficiaries. Permanent life insurance can build up cash value which you may be able to borrow against. Permanent life insurance is usually more costly than term life insurance, but the value of the policy may be more as well. <\/p>\n

Which One is Right For You?<\/h2>\n

Choosing between term and permanent life insurance can be a challenge. Your insurance agent can help you find a policy that fits your budget and provides the protection that you want. If you need life insurance, contact Irvington Insurance servicing Indianapolis, IN to shop around for a policy. Our experienced insurance team is here to help.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you want life insurance, the first step is to decide which type of life insurance is best for your situation. There are different types including term and permanent policies. At Irvington Insurance servicing Indianapolis, IN, our team can explain the difference and help you choose the best policy for your circumstances. The type of life […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9,8,16,5,17],"class_list":["post-169","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-in","tag-indianapolis","tag-insurance","tag-irvington-insurance","tag-life"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t