The term life insurance is considered permanent insurance because the policyholder remains insured until they die. This type of coverage is purchased once (or at least at some point in their lives) and lasts forever. It protects the policyholder against life-threatening illnesses or accidental death, and provides cash payments to help meet funerary expenses, as well as other expenses associated with paying for funeral and burial costs.

-Life insurance is a form of coverage that pays the beneficiaries of a policy owner's death in the event that he or she should pass away. The beneficiaries can be left family members, friends or even charities.
-Life insurance would be an excellent choice for those who do not have any sort of life insurance, as it covers you for funeral expenses as well as other costs that may arise from an unexpected death.
-A "standard" life policy will pay out to the beneficiary if the policy owner dies within a set period of time. For example, some companies will cover you for up to 15 years after your passing, while others offer coverage that stretches up to 20 years.
If you are asking about "term life insurance", then it is usually a form of protection that lasts for a set period of time (such as 10 or 15 years) from the time it was written.
-Some policies will cover accidental death during that period, while others will only cover deaths caused by heart attacks and strokes. However, if you are asking about "whole life", then it is an entire policy that covers you for your entire lifetime.
-Whole life policies can be either open or closed, depending upon whether they offer flexibility for the insured as to when they can request payments from them. If you are looking at whole life policies, then it may be wise to compare prices from several different companies in order to find out which one offers the best rates.