Term is like renting a home and permanent is like buying the house.

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Permanent life insurance offers lifelong coverage and features a cash value component that grows over time. This cash value can be accessed through policy loans or withdrawals, providing funds for various needs. Permanent life insurance comes in different forms, such as whole life, universal life, and indexed universal life, each offering unique features. Additionally, the death benefit proceeds are typically tax-free, providing financial security to beneficiaries. Overall, permanent life insurance provides lifelong protection, potential cash value growth, and tax advantages, making it a valuable tool for long-term financial planning.

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If you are looking for more information about the tax-free strategies for permanent life insurance, connect with me to discuss the options available to you. 

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