Permanent life insurance, which comes in different forms, is an insurance plan that insures you for the rest of your life. In a permanent life insurance plan you'll pay premiums until you decide to opt out or upon your retirement. For certain policies, you can withdraw money from the plan--but the money withdrawn may be taxed. Whether you're a recent college grad or middle-aged parent looking to secure your future savings, permanent life insurance is a reliable option to consider. Some of the benefits of permanent life insurance include:

• A return on your investments

• Premiums reduce over time (with a solid payment history)

• Securing your funds.