Last updatedJuly 2025

Best Permanent Life Insurance Policies 2025

Get covered for the rest of your life.

Protect your family from unplanned expenses with one of our top permanent life insurance companies.

Whole Life
Whole Life
Final Expense
Final Expense
Age
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1
Fast Application
mutual-of-omaha logo image
9.8
BestMoneyscore
Popularity
Based on visits in the past 7 days
10.0
Brand Reputation
Based on web trends
9.6
Features & Benefits
Based on our editorial reviews
9.6

Mutual of Omaha

Guarantee issue permanent life insurance
Lock in permanent life insurance benefits
Simple 4-step application
Top-ranking in customer satisfaction
No medical exams or health questions

3,107 peoplevisited this site this week

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2
select-quote-wl logo image
8.9
BestMoneyscore
Popularity
Based on visits in the past 7 days
9.0
Brand Reputation
Based on web trends
9.2
Features & Benefits
Based on our editorial reviews
8.4

SelectQuote

Compare permanent life insurance quotes
Guaranteed coverage for ages 45-85
Some plans around $1/day
Secure your rate that never goes up
Flexible permanent life insurance policies
Read Review
3
corebridge-direct-whole-life logo image
8.2
BestMoneyscore
Popularity
Based on visits in the past 7 days
7.5
Brand Reputation
Based on web trends
8.4
Features & Benefits
Based on our editorial reviews
9.2

Corebridge Direct

A trusted partner in life protection over 30 years
Custom permanent life insurance policies
Dependable lifetime protection for your family
Quality insurance coverage providing cash value
Request your free, personalized quote
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10,785 visitors

connected with an insurer this week

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BestMoney Total Score
Our product scores consist of a combination of the following 3 components:
Popularity
BestMoney measures user engagement based on the number of clicks each listed brand received in the past 7 days. The number of clicks to each brand will be measured against other brands listed in the same query. Therefore, the higher the share of clicks a brand receives in any specific query, the higher the Click Trend Score. BestMoney accepts advertising compensation from companies, which impacts their (and/or their products’) position, and in some cases, may also affect their Click Trend Score.
Brand Reputation
Semrush is a trusted and comprehensive tool that offers insights about online visibility and performance. The BestMoney Total Score will consist of the brand's reputation from Semrush. The brand reputation is based on Semrush's analysis of clickstream data, which includes user behavior, search patterns, and engagement, to accurately measure each brand's prominence, credibility, and trustworthiness. If a brand does not have a Semrush score, the BestMoney Total Score will be based solely on the Click Trend Score and Products & Features Score (read below).
Features & Benefits
BestMoney’s editorial team researches and reviews financial products based on factors such as: range of products and services offered, ease-of-use, online accessibility, customer service, special awards, and more. Each brand is then given a score based on the offerings in each parameter. The specific parameters which we use to evaluate the score of each product can be found on its review page.
Editorial Reviews
Mutual of Omaha
Mutual of Omaha
Read Review
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Most Popular On BestMoney
mutual-of-omaha logo image
9.8
BestMoneyscore
Popularity
Based on visits in the past 7 days
10.0
Brand Reputation
Based on web trends
9.6
Features & Benefits
Based on our editorial reviews
9.6

Mutual of Omaha

Guarantee issue permanent life insurance
Lock in permanent life insurance benefits
Simple 4-step application
Top-ranking in customer satisfaction
No medical exams or health questions

3,107 peoplevisited this site this week

VIEW RATES
Read Review
FAQ
1. What is whole life insurance and who should consider it?
Whole life insurance is a type of permanent life insurance that lasts your entire life. It includes a cash value component that grows over time and can be borrowed against. It may be a good option for individuals looking for permanent coverage, estate planning benefits, or a way to leave a financial legacy.
2. How is whole life insurance different from term life insurance?
Whole life insurance provides lifelong coverage and builds cash value, while term life insurance only lasts for a set number of years and does not accumulate cash value. Because of this, whole life insurance is generally more expensive than term life insurance, with premiums depending on your age, health, coverage amount, and insurer.
3. Can I withdraw or borrow money from my whole life insurance policy?
Yes, you can take out a loan or withdraw money from the policy’s cash value. However, unpaid loans may reduce the death benefit.
4. What can whole life insurance be used to cover?
Whole life insurance can serve multiple purposes beyond basic financial protection. It can provide a safety net for dependents, leave an inheritance or financial legacy, and pay off debts, including estate taxes. Additionally, it can help fund a business succession plan and supplement retirement savings through the growth of its cash value over time.

Choosing the Best Life Insurance Company

Before diving in and purchasing life insurance, it is vital to understand exactly what features to look for when comparing the best life insurance companies. There are various types of life insurance designed to fit a wide variety of needs. Moreover, some providers offer customizable policies with added provisions known as “riders,” which can add valuable benefits — especially if you're interested in permanent life insurance options.

Learn more about the top life insurance companies

Types of Life Insurance

If you are scratching your head wondering, “What is life insurance?" don't worry. It's not as complicated as it sounds. Life insurance ensures that your spouse, children, or anyone else who depends on your financial support is protected when you pass away.

There are two main types of life insurance to consider:

  • Term Life Insurance offers coverage for fixed periods such as 10, 20, or 30 years at guaranteed rates.

  • Whole Life Insurance provides lifetime protection and can be a part of a broader permanent life insurance strategy.

When shopping around, many consumers request permanent life insurance quotes to better understand what long-term protection will cost based on their unique needs.

What is Whole Life Insurance

Whole life insurance, often referred to as a permanent life insurance policy, covers the policyholder for their entire lifetime. When the insured passes away, the policy pays a guaranteed death benefit to their chosen beneficiaries.

Additionally, the policy accumulates cash value over time, which policyholders can borrow against or use in retirement. Premiums are fixed based on the applicant's age at the time of application and are typically higher than those for term life insurance.

Understanding the permanent life insurance cost early helps you make a decision that balances premium affordability with lifelong protection.

Common Forms of Whole and Universal Life Insurance

Depending on your goals, here are several permanent life insurance options to consider:


Traditional Whole Life

Traditional whole life insurance ensures that both your premium and death benefit stay level throughout your life. Many people interested in stability often request permanent life insurance quotes specifically for these types of policies.

Universal or Adjustable Life

Universal life offers flexibility in premium payments and death benefits. A portion of your premium builds a cash value that you can access later in life.

Indexed Universal Life (IUL)

Indexed universal life links cash value growth to the performance of a stock index like the S&P 500. It offers the potential for higher returns while still protecting against market downturns.

Variable Life

Variable life policies let you invest the policy’s cash value in a variety of market options such as stocks and bonds. Though offering more growth potential, variable life comes with increased risk.

Why Choose a Permanent Life Insurance Policy?

Permanent life insurance provides several distinct benefits over term life insurance:

  • Lifetime protection as long as premiums are paid.

  • Cash value accumulation that can be used during your lifetime.

  • Fixed premiums in many policies.

  • Potential to build supplemental retirement income.

Whether you're looking for permanent life insurance for seniors or younger applicants seeking to lock in lower rates early, a permanent life insurance policy can serve as a reliable financial foundation.

Who Benefits Most from Permanent Life Insurance?

Permanent life insurance is particularly ideal for:

  • Individuals who want coverage that never expires.

  • Seniors seeking permanent life insurance for seniors plans that guarantee future financial protection.

  • Those looking to leave behind a legacy or pay for estate taxes.

  • Families wanting cash value options to assist in future financial needs.

Given the varied needs among policyholders, comparing permanent life insurance quotes is essential to find the right plan at a manageable cost.

Don’t Just Rely on Group or Employer Life Insurance

Employer-provided life insurance is often a good benefit, but it typically isn't enough for long-term protection. Most group policies do not follow you if you change jobs, leaving significant gaps.

Purchasing your own permanent life insurance policy ensures that your family remains protected no matter where life takes you.

How Much Life Insurance Coverage Do I Need?

To determine the right coverage amount:

  • Review your current and future financial needs.

  • Calculate debts, living expenses, education costs, and income replacement needs.

  • Consider your budget when evaluating permanent life insurance cost.

Requesting several permanent life insurance quotes can help you gauge what coverage amount and policy type fits your financial situation.

Understanding Underwriting

Applying for permanent life insurance typically involves an underwriting process. Medical exams, health questionnaires, and financial reviews help insurers assess the applicant’s risk and determine premium rates.

While underwriting might seem tedious, it ensures fair pricing and appropriate coverage based on your personal situation.

Take the Next Step Toward Financial Security

Choosing the right life insurance policy is one of the most important financial decisions you can make. Whether you need term coverage or are ready to explore permanent life insurance, taking action today can protect your family's future for decades to come.


* Rate based on female, age 50, $5,000 in coverage

** The total amount of all AGL Guaranteed Issue Whole Life Insurance policies on any person cannot exceed $25,000 in the aggregate.