{"id":204,"date":"2018-03-31T08:00:00","date_gmt":"2018-03-31T08:00:00","guid":{"rendered":"https:\/\/www.martininsuranceteam.com\/blog\/?p=204"},"modified":"2018-04-01T01:53:23","modified_gmt":"2018-04-01T01:53:23","slug":"when-to-choose-permanent-life-insurance-over-term-insurance","status":"publish","type":"post","link":"https:\/\/www.martininsuranceteam.com\/blog\/when-to-choose-permanent-life-insurance-over-term-insurance\/","title":{"rendered":"When to Choose Permanent Life Insurance Over Term Insurance"},"content":{"rendered":"

There are a variety of life insurance policies you can choose in Evergreen Park, IL, but the two main types are term and permanent insurance. They both come with a variety of benefits and disadvantages, so it helps to know more about the basics before moving forward with one type over the other. Martin Insurance Team wants you to know more about each type of insurance so that you can choose the right one for yourself and for your family. <\/p>\n

How to Decide<\/h3>\n

The two biggest questions to ask yourself about life insurance is how long you want it for and whether or not you want to rely on it as a financial tool. Term life insurance is for a set amount of time, so people usually choose it to support their children while they’re still minors. Once they hit a certain age and can provide for themselves, the life insurance policy is terminated. Permanent life insurance is exactly what it sounds like, and it’s usually chosen by people who want to care for their spouses in Evergreen Park, IL forever. However, it can also be used as a savings account if the policyholder hits a financial crisis that they need to take care of. <\/p>\n

Other Considerations <\/h3>\n

Term life insurance is generally less expensive than permanent insurance, but there’s also no way to draw funds out of the policy either. Because of this, some people will choose permanent life insurance as a form of additional back-up that they can always count on — even if they don’t have any dependents. For more information about how to make the best decision, call Martin Insurance Team today. We’re here to serve the people of Evergreen Park so they can have the best possible protection. <\/p>\n","protected":false},"excerpt":{"rendered":"

There are a variety of life insurance policies you can choose in Evergreen Park, IL, but the two main types are term and permanent insurance. They both come with a variety of benefits and disadvantages, so it helps to know more about the basics before moving forward with one type over the other. Martin Insurance Team […]<\/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":[36,34],"class_list":["post-204","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-evergreen-park-il","tag-martin-insurance-team"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\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\n\t\t\n\t\t