Which type of insurance is primarily suitable for someone seeking long-term coverage?

Permanent life insurance is designed for individuals looking for long-term coverage because it provides lifelong protection as long as the premiums are paid. Unlike term life insurance, which only covers a specified period and does not accumulate cash value, permanent life insurance includes a savings component alongside the insurance, allowing policyholders to build cash value over time. This feature appeals to those who want stability and assurance that their beneficiaries will receive a death benefit regardless of when they pass away, making it suitable for long-term planning and lifetime financial security.

In contrast, short-term life insurance offers coverage for a limited duration, which is not suitable for individuals seeking long-term solutions. Accidental death insurance typically covers only death resulting from accidents, providing a narrower scope of protection. Term life insurance, though it offers lower premiums initially, is limited to a specific term and does not provide lifelong coverage or cash value accumulation, making it less suitable for long-term needs.