Guide
Term vs. permanent life insurance
What each kind is for, what it costs, and why most families start with term.
Term life pays the death benefit if you pass away inside your chosen term—10, 15, 20, 25 or 30 years—at a flat premium. The policy ends when the term is up or renews at a steep rate. It is the most affordable way to get a substantial death benefit during the years when your household needs it.
Permanent life (whole life, universal life, and variants) stays active your entire life and accumulates cash value. Monthly cost is much higher than term for the same benefit, and the cash piece grows gradually at the start. It is built for lifelong obligations: a family member who always needs help, estate planning, or business continuity.
How to choose
Begin with the obligation, not the insurance. A time-bound need—paying off the mortgage, kids becoming independent—pairs cleanly with term. A never-ending need fits permanent insurance or a term policy with conversion rights. Most carriers allow you to switch term to permanent inside a conversion window without redoing underwriting; the quotes here show each carrier's conversion rules.
What people in Benicia often do
Many people choose a 20 or 30 year term sized to real expenses, and revisit it if life changes. This keeps monthly costs manageable so you can buy enough benefit when you need it most. Susman Insurance Agency can explore permanent options if you have a never-ending obligation.