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Although permanent life insurance rates may be higher than other forms of insurance, there are situations where one may need this option. For example, someone who has a lifelong dependant, who will still need support after the insured dies, would find permanent life insurance rates worth their cost. For most, this is usually a child or sibling who is mentally or physically disabled. These persons would not be able to support themselves, the insured would not want to see them institutionalized or homeless, and the person in need would have no other family to rely on once the insured dies. The cost of a permanent life insurance rate becomes a minimal cost when you are assured that a loved one will be protected after you are gone.