Term Life Insurance vs. Permanent Life Insurance: Which Life Insurance is Best for You?

Whether you're looking for the affordability of term insurance or the lifelong protection of permanent insurance — or a combination of both — we haveĀ options to fit your needs and budget.

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Term life insurance can be purchased for large amounts with an initially low premium. It may be appropriate for short-term needs like:

  • A home mortgage.
  • Outstanding debt.
  • Educational expenses.
  • An auto loan.

Permanent life insurance offers a level premium for a coverage amount you choose. It's best for lifelong needs like:

  • A loved one's financial needs.
  • Final expenses.
  • Estate planning.
  • Contributions to charity.
  • A business legacy.
  • Access to cash value.

Let us help you answer the term vs. permanent life insurance question and select the coverage that best fits your needs. Call or visit a State Farm agent today.


State Farm branded policies are underwritten by Certas Home and Auto Insurance Company. Life insurance products are manufactured and issued by Desjardins Financial Security Life Assurance Company.