Term insurance will cover you for a set time period, and at the end of the period, you’ll no longer have insurance. This is often a good choice for young families who can’t afford permanent insurance, or for those who only want to be insured for a certain time period.

Permanent insurance will give you coverage for as long as you pay the premiums (and sometimes longer), and in addition to the insurance part, it also has a cash value component. It comes in different flavors — whole, universal and variable — and they offer different options and the ability to use your cash value to pay premiums. For more information on the different types of policies, try this  https://www.statefarm.com/insurance/life/resources/term-or-permanent

The other important difference is cost.  Contact Agent Robert Shimabuku for pricing information or go to www.HiloSFInsurance.com