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Fuqua Insurance Agency

1836 Hermitage Blvd, Suite 100
Tallahassee, FL 32308

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Term Life Insurance vs. Permanent Life Insurance: Which One is Right for You?

Choosing the right type of life insurance in Tallahassee, FL can be confusing and overwhelming. Term life insurance covers a specific period, while permanent life insurance provides lifelong coverage. Fuqua Insurance Agency explains more differences.

Understanding Term Life Insurance

Term life insurance is a type of life insurance that provides coverage for a specified period, usually between 10 to 30 years. It is designed to provide financial protection to your loved ones in case of your unexpected death. Term life insurance is relatively inexpensive compared to permanent life insurance because it only provides coverage for a limited period.


• Affordable premiums

• Flexible coverage

• Ideal for short-term financial needs


• No cash value accumulation

• Coverage ends when the term expires

• Premiums increase when you renew or extend your policy

Understanding Permanent Life Insurance

Permanent life insurance provides lifelong coverage until the policyholder passes away, as long as the premiums are paid. This type of insurance is typically more expensive than term life insurance because it provides coverage for an indefinite period.


• Lifetime coverage

• Cash value accumulation

• Ideal for long-term financial goals such as estate planning or legacy-building


• Higher premiums

• Less flexible coverage

• Accumulated cash value may be subject to taxes and fees

Reach Out To Us

If you’re looking for life insurance in the Tallahassee, FL metroplex, it’s crucial to pick the right type. Term life insurance is cheaper and offers coverage for a specific timeframe, while permanent life insurance provides lifelong protection and may accumulate cash value. Get in touch with Fuqua Insurance Agency now for further details on choosing between term and permanent life insurance.

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