The difference between a permanent policy and a term policy is that a permanent policy provides not only death benefits but a cash value accumulation feature. (abramsinc.com)
Since the coverage provides only a death benefit with no cash value, the premiums can be quite affordable, especially for young and healthy applicants. (usacoverage.com)
This type of life insurance coverage provides not only a death benefit but an element of investment as well. (usacoverage.com)