how long does permanent life insurance last 
if you pay the premiums on your policy and do not let the policy lapse or surrender it a permanent life insurance policy will last your lifetime the bottom linepermanent life insurance pays out a guaranteed benefit upon the insured s death most policies contain a cash value savings component that earns interest and grows tax free while the coverage remains in force you can also withdraw or borrow against the cash value while alive however premiums for permanent life coverage are significantly higher than those for term insurance 