09/04/2026
Think the Parkers need an option C? You may be asking the right question.
Before choosing term, permanent, or a combination, we need to understand their family, finances, and goals.
• Term insurance can help cover needs that have a timeline, such as a mortgage or the years children depend on their parents.
• Permanent insurance can address lifelong protection needs and may build cash value. It generally costs more than term coverage.
Some policies also offer benefits for qualifying long-term care needs, subject to eligibility, policy limits, and possible additional costs. These benefits aren’t automatic.
The answer could be both. It could also be one.
If you've been looking yourself, start with your family’s needs, then compare the options with a licensed insurance professional.