{"id":116,"date":"2024-08-30T04:00:00","date_gmt":"2024-08-30T10:00:00","guid":{"rendered":"https:\/\/www.steinerig.com\/blog\/?p=116"},"modified":"2024-08-20T14:04:08","modified_gmt":"2024-08-20T20:04:08","slug":"term-vs-permanent-the-ongoing-life-insurance-debate","status":"publish","type":"post","link":"https:\/\/www.steinerig.com\/blog\/term-vs-permanent-the-ongoing-life-insurance-debate\/","title":{"rendered":"Term vs Permanent: The Ongoing Life Insurance Debate"},"content":{"rendered":"

Ever since life insurance was introduced, there has been an ongoing debate about whether permanent or term life insurance is superior.<\/p>\n

At Steiner Insurance Group of Nashville, NC, we are pleased to offer both products, each with its own place.<\/p>\n

Pros and cons of term insurance.<\/h2>\n

Term insurance is life insurance protection intended to cover the insured’s life for a specific number of years. It is generally much more affordable than permanent life insurance and is terrific for those who desire a large amount of coverage. On the downside, it expires after its term and doesn’t build a cash value.<\/p>\n

Pros and cons of permanent insurance.<\/h2>\n

Permanent or whole life insurance remains in force for as long as premiums are kept up to date. It can build value and may be considered a financial asset. It may be used as collateral or borrowed directly against its value. It may also be cashed in at some future date.<\/p>\n

Permanent insurance can be a good option for those who need life insurance protection but have trouble saving. It is often purchased for newborns as it can build value the child may use for future education or a first car. The downside of permanent insurance is that it is more costly per thousand than term insurance.<\/p>\n

So, which is better?<\/h2>\n

The real question is which is better for your specific situation. If you have questions, please get in touch with us.<\/p>\n

Get North Carolina Insurance Quotes today.<\/h2>\n

If you are interested in getting a quote for term or permanent insurance or just comparing both, contact Steiner Insurance Group of Nashville,, NC. We would be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ever since life insurance was introduced, there has been an ongoing debate about whether permanent or term life insurance is superior. At Steiner Insurance Group of Nashville, NC, we are pleased to offer both products, each with its own place. Pros and cons of term insurance. Term insurance is life insurance protection intended to cover […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[12,11],"class_list":["post-116","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-nashville-nc","tag-steiner-insurance-group"],"aioseo_notices":[],"aioseo_head":"\n\t\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