#### Cost of Permanent Life Insurance
Permanent life insurance is a type of life insurance that provides coverage for the entire lifetime of the insured individual. The cost of permanent life insurance can vary depending on several factors, including the age and health of the insured, the amount of coverage needed, and the type of permanent life insurance policy chosen.
Whole life insurance is one common type of permanent life insurance. It provides a death benefit to the beneficiaries upon the death of the insured, as well as a cash value component that grows over time. The premiums for whole life insurance policies are typically higher compared to term life insurance policies, as they provide coverage for the entire lifetime of the insured.
Universal life insurance is another type of permanent life insurance that offers more flexibility in terms of premium payments and death benefit amounts. The premiums for universal life insurance policies can be adjusted over time, and the policyholder can also access the cash value component of the policy.
The cost of permanent life insurance can vary significantly depending on individual circumstances. However, according to a search result snippet, the average cost of a permanent life insurance policy can range from $1,000 to $5,000 per year, depending on the factors mentioned above. It's important to note that this is just an average, and the actual cost can be higher or lower depending on individual factors.
It's recommended to consult with a licensed insurance agent or financial advisor to get a personalized quote and determine the best permanent life insurance policy for your needs and budget.