Two examples of permanent life Insurance products are Universal Life Insurance and Whole Life Insurance. Permanent life insurance is assured to pay out, assuming the policy conditions are met. Because permanent life insurance has a benefit which includes the building of Cash Value, premiums for permanent products can vary based on many factors including interest rates. Interest rates can be guaranteed in permanent life products and premiums could be based on current interest rates. I point that out because if the premium is based on current interest rates (which I am assuming in this example are higher than the guaranteed interest rate) and the current interest rate lowers to the guaranteed interest rate, more cash may be needed from the insured to keep policies in force. There is much to discuss when purchasing this product.
Below are some of those items.
-Interest Rates (guaranteed and current)