A type of life insurance that remains in force as long as premiums are paid. It combines a death benefit with a savings component that can build cash value, which the policyholder may borrow against. Costs and availability depend on factors like age, health, and coverage amount. Policies include expenses such as mortality charges and may have surrender fees and tax implications if terminated early. Insurability should be confirmed before purchasing. Guarantees depend on the insurer’s ability to pay claims.