Term Life Insurance
Designed to provide financial protection for a set period of time, term life insurance premiums are level and guaranteed. After the term ends, policies may offer continued coverage at a much higher premium. Premiums are usually less expensive than permanent life insurance.
Term Life insurance provides a safety net for beneficiaries and ensures financial goals are met. These may include paying off a mortgage, running a business, or paying college tuition. The benefits are paid out in one lump sum, not regular payments.
|Term Life Insurance||typically offers life insurance for a lower premium – an ideal choice for your families on a tight budget.|
|Save on Premiums||Term life insurance is typically more affordable than permanent life insurance. With potentially lower premium rates when compared to permanent life insurance, term is a great way to help protect your family’s financial future.|
|Plans available||for 10, 15, 20, 30 and 35 years (with specific carriers)|
|And What if||you out live your policy term? Not good!|
Universal Life Insurance
Is Life Insurance a Life or Death Matter? Absolutely; You Die and your family Continues to Live!
This permanent life insurance provides lifetime coverage and policies are more flexible than whole life insurance. You can raise or lower your premiums and coverage amounts. It also offers a tax-deferred savings component to build wealth over time. Premiums are usually higher than with term insurance because it has lifetime coverage.
This insurance provides a flexible estate planning strategy to preserve wealth and transfer it to beneficiaries. It offers long-term income replacement where your needs extend beyond your working years. Some of these products focus on death benefits and building cash value, while others focus on guaranteed death benefits.
|More than Life Insurance||Universal life insurance offers both the protection of term insurance as well as a savings element, like whole life.|
|Permanent Life Insurance||Universal life insurance is a type of permanent life insurance that provides coverage for life, as long as premiums are paid. It’s made up of two parts: a guaranteed death benefit, which is money left to your loved ones, and a cash value component.|
|Flexible Protection||Unlike term and whole life insurance, universal life provides an additional level of flexibility.|
Whole Life Insurance
Whole life insurance is the most common way you can help protect your family’s long-term financial security. This is another permanent life insurance that provides lifetime coverage.
Whole life usually has higher premiums than term life insurance. Policy premiums are fixed, and whole life offers cash value, which functions as a savings component and may accumulate tax-deferred over time.
|Whole life insurance||provides permanent protection for life as long as premiums are paid. In addition to a guaranteed cash value you can access through a loan, your loved ones are guaranteed to receive a death benefit.|
|Individual Whole Life||insurance policies, available in face amounts ranging from $2,000 to $50,000, can help with cost associated with your final expenses, such as funeral and burial costs. In addition a whole life insurance has a cash value component you can access.|