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    Permanent Life Insurance

    Big Jump for Permanent life insurance
    Permanent life insurance is insurance where a portion of the premiums are invested, creating a cash value for the policy while providing financial protection if the insured person dies. Permanent life insurance premiums are higher than term life insurance premiums but there is a payout of benefits at the end of the policy, even if the person insured remains in perfect health.

    Permanent Life Insurance Key Points:

    • Can act as a savings plan with tax benefits
    • Guaranteed cash values
    • Good for a lifetime with guaranteed premiums
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