• Permanent insurance — provides coverage designed to last for your entire life and can build cash value.
  • There are several permanent life insurance options offered such as universal life, whole life, variable life, and even variable universal life insurance.
  • These policies may have a surrender period and be subject to fees and penalties if canceled during this time.

 - Welcoming Your First Child  - https://finred.usalearning.gov/assets/downloads/USCG%20TC%20Member%20Checklist%20-%20Welcoming%20First%20Child.pdf