{"id":67,"date":"2022-12-22T05:10:20","date_gmt":"2022-12-22T05:10:20","guid":{"rendered":"http:\/\/rohitprakash.cdrmwebsolutions.com\/?page_id=67"},"modified":"2023-01-09T07:44:40","modified_gmt":"2023-01-09T07:44:40","slug":"permanent-life-insurance","status":"publish","type":"page","link":"https:\/\/prakashfinancial.com\/permanent-life-insurance\/","title":{"rendered":"Permanent life Insurance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"67\" class=\"elementor elementor-67\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f9daa27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f9daa27\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ad7443f\" data-id=\"ad7443f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db7d151 elementor-widget elementor-widget-heading\" data-id=\"db7d151\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Permanent life Insurance\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9976ca1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9976ca1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ccdf1ac\" data-id=\"ccdf1ac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d1f5090 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d1f5090\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-587f168\" data-id=\"587f168\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-027fd51 elementor-widget elementor-widget-text-editor\" data-id=\"027fd51\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>We have already discussed term insurance. But permanent insurance is a bit different from term insurance. It is comparatively more expensive and complicated. But the coverage of permanent insurance policy is also wider than a term insurance. It actually has a provision for life long coverage. It also gives you an opportunity to build a cash value which is generally exempted of tax deductions.There are three components of permanent insurance that make it more expensive than a general term insurance. They are the coverage period, cash value and policy charges. In fact, you can switch to the policy\u2019s cash value anytime while you are alive.Also, you can always surrender the policy and encash the permanent insurance. But in that case, you may have to pay some surrender charges.Comparing between the term and <strong>permanent insurance<\/strong> may be a difficult task.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-21e476f\" data-id=\"21e476f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f83763b elementor-widget elementor-widget-image\" data-id=\"f83763b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/senior-couple-consulting-with-healthcare-worker-about-their-insurance-policy-while-having-meeting-clinic-1024x683.jpg\" class=\"attachment-large size-large wp-image-996\" alt=\"\" srcset=\"https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/senior-couple-consulting-with-healthcare-worker-about-their-insurance-policy-while-having-meeting-clinic-1024x683.jpg 1024w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/senior-couple-consulting-with-healthcare-worker-about-their-insurance-policy-while-having-meeting-clinic-300x200.jpg 300w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/senior-couple-consulting-with-healthcare-worker-about-their-insurance-policy-while-having-meeting-clinic-768x512.jpg 768w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/senior-couple-consulting-with-healthcare-worker-about-their-insurance-policy-while-having-meeting-clinic-1536x1024.jpg 1536w, https:\/\/prakashfinancial.com\/wp-content\/uploads\/2023\/01\/senior-couple-consulting-with-healthcare-worker-about-their-insurance-policy-while-having-meeting-clinic-2048x1365.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-315bb9d elementor-widget elementor-widget-text-editor\" data-id=\"315bb9d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It all actually depends on for which reason you are subscribing to a life insurance policy. If you need a long-term security, you may go for the <strong>permanent insurance<\/strong>. Because when you pay your premiums for <strong>permanent insurance policy<\/strong>, a sum of that goes to your cash value. But if you want to make the best use of your sum with affordable premiums, then term insurance is your choice.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edb461c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"edb461c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/rohitprakash.thelinkbetween.ca\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Read More..<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Permanent life Insurance We have already discussed term insurance. But permanent insurance is a bit different from term insurance. It is comparatively more expensive and complicated. But the coverage of permanent insurance policy is also wider than a term insurance. It actually has a provision for life long coverage. It also gives you an opportunity&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/67"}],"collection":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/comments?post=67"}],"version-history":[{"count":22,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/67\/revisions"}],"predecessor-version":[{"id":1524,"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/pages\/67\/revisions\/1524"}],"wp:attachment":[{"href":"https:\/\/prakashfinancial.com\/wp-json\/wp\/v2\/media?parent=67"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}