This is your Green Grosser helping you gross green today. Now we are discussing why term life insurance is a better option than permanent life insurance. Term life insurance is the most popular type of life insurance today. You buy coverage at a comparatively low cost for a specific period directly related to your needs. Although premiums for most term policies increase with age or the end of each renewal period, term insurance usually provides the highest amount of coverage for each premium dollar. Permanent insurance, on the other hand, provides protection and in addition can build cash value. Term life insurance does not build up equity. Therefore, it costs less than permanent life insurance for the same face value. It is popular with younger people and those who want coverage in case of untimely death. The most popular length of term insurance is 20 to 30 years because during this time frame most people have raised their children and paid their home mortgage. From, this is your Green Grosser with your tip to help you gross green today.