Which policy would typically have a higher premium cost?

Permanent life insurance typically has a higher premium cost due to the structure and benefits it offers compared to other insurance types. This type of policy covers the insured for their entire lifetime, as long as premiums are paid, and often includes a cash value component that builds over time. This cash value can be accessed through loans or withdrawals, providing additional financial benefits to the policyholder.

In contrast, term life insurance provides coverage for a specified period and does not accumulate cash value; it is generally more affordable because it only pays a death benefit if the insured passes away during the term of the policy. Group health insurance and short-term disability insurance have specific coverage areas and time limits that also result in lower premiums relative to the comprehensive benefits found in permanent life policies.

Thus, the added lifetime coverage and cash value component inherent in permanent life insurance justify its higher premium cost.