There are a variety of permanent life insurance policies such as whole life insurance, universal life insurance, and variable life insurance — and even combination policies like variable universal life insurance. (policygenius.com)
This money can then be used to buy a new permanent life insurance policy with fixed rates and without a cash value. (termlifeadvice.com)
The cash value for permanent life insurance policies grows tax - deferred, similar to gains in a retirement account. (valuepenguin.com)