Which type of life insurance provides coverage for the insured's entire life?

Permanent life insurance is the type of life insurance that provides coverage for the insured's entire life. This means that as long as the premiums are paid, the policy remains in force and will pay out a death benefit whenever the insured passes away, regardless of when that may be.

Permanent life insurance encompasses various products, including whole life, universal life, and variable life, all of which offer lifelong coverage. Additionally, these policies typically have a cash value component that can grow over time, which is not a feature of term life insurance. Term life insurance only covers the insured for a specified period and does not provide any benefits or cash value beyond that term. Thus, permanent life insurance is the broad category that encompasses policies designed for lifelong coverage, making it the correct choice in this context.