What is a unique feature of permanent life insurance compared to term insurance?

Permanent life insurance is characterized by two distinctive features that set it apart from term insurance: cash value accumulation and no coverage expiration.

The cash value accumulation aspect allows policyholders to build savings within the policy over time, which can be borrowed against or accessed in other ways if needed. This feature not only provides a cash resource for the insured but also contributes to the overall policy value, which increases the overall benefit of permanent insurance beyond just death coverage.

Additionally, permanent life insurance provides lifelong coverage, as long as premiums are paid, which means it does not expire like term insurance. Term insurance is typically limited to a set period and provides coverage only during that time frame, without any cash value benefits.

Taking both of these features into account, the correct choice aligns with the understanding that permanent life insurance offers both cash value accumulation and the assurance of lifelong coverage, thus highlighting its unique nature in comparison to term life insurance.