Permanent life insurance is meant to be just that - permanent. Providing the necessary tax free funds when needed most. There are several types of permanent life insurance such as; Term to age 100 Non-Participating Whole Life Participating Whole Life and Universal Life. All of which provide life insurance for life. Permanent life insurance does not expire and will remain in affect until death regardless of age as long as you continue to pay the premiums. There are different types of premium payment options with permanent life insurance and you can choose to pay to your age 100 or a shortened premium period.