Life insurance is a very good method in order to protect your future and the future of your family especially if there are any dependents. If you are not able to help them more due to an accident or some other illness, then the life insurance will be working for you.

That is why life insurance is very famous and many people are after it. I have seen the outcomes even by this system. So many people are blessed by life insurance. But you need to be careful in order to find a good insurance company for you. The services that they provide and the genuineness are very important when you choose your insurance company.

Life Insurance insures your and your family's future. In future, you may or your family may need money for the marriage of children or to make a new home. So you can get benefits from your life insurance. In case of death, your family will receive money from the insurance company or if you are injured in any accident, then you will get benefits from life insurance.

The term life insurance is better than other type of insurances because this insurance make the future of your family brighter. There are many life insurance companies which provides many services and each and every life insurance company is different from other companies. There may be many packages for the life insurance seeker depending on the age, country or the region.

If you weigh long-term benefits, a regular life insurance is better than a term life insurance. But there are cases when buying a term life insurace makes more sense.

The advantages of a term life insurance arises from its lower cost. Since the term of the insurance is not lifetime and that it ends after a time, the premium is lower.

Therefore, buying a term life insurance is better in the following cases:
1. When you need a very high amount of insurance for a certain period of time that you'll stay in a dangerous place
2. When you travel to a country that has lots of risks.
3. When you can't afford to buy a regular life insurance, but you need to have a life insurance because your children are still young.
4. When you believe that your situation calls for a higher amount of insurance at a lower cost.

Additionally, there are term life insurance policies that provide incentives, such as return of premiums or conversion into regular life insurance policies.

Why is term life insurance better than whole life insurance? Your insurance salesman will tell you it's not but I say it is for the following reasons. Mainly price, for about 40 dollars a month you can get term life insurance policy of 500,000 dollars. A whole life policy will cost you much more. Well over $100.00 a month. This is for the same coverage. But your insurance man will say whole life is like an investment. I will use investment accounts for investing and insurance accounts for insurance I say. I don't see life insurance as an investment. Just a necessary bill to pay.

I believe that permanent type of insurance is better than tem life. Term life policies has expiration date and has no cash value unlike with Permanent type of policy (examples of permanent insurance are Whole Life and Universal Life). Term policies are cheaper and if you want to extend your coverage when it reaches its expiration date, you will have to renew it. There are term policies that increases its premium upon renewal of the policy.

Permanent policies are bulit on cash value. A policyowner can use this cash value either through loan or partial withdrawal (depending on the type of their policies). Term policy has no cash value that is why loans or partial withdrawal is not allowed.

Permanent policies can provide coverage to the insured up to age 95 to 100. If the policy matures, let say at age 95, and the insured is still alive, the total face amount will be given to the policy owner as a Maturity benefit. If a term policy expire, the policyowner will get nothing.

If a policy holder decided to cancel a term policy, it will cease without any cash value. The policy owner will lose every signgle dime he/she paid on that policy. However, if a policy owner decided to surrender a permanent insurance, if the policy has guaranteed or accumulated cash value at the time of surrender, the policy holder can get that cash value which is termed as a Surrender Value in the insurance industry.

I hope this gives you clarification about term and permanent policy.

You shouldn't look at it as which is better, but you should consider price and value as the two major determining factors.