Life Insurance








TO PROTECT THE PEOPLE YOU LOVE THE MOST!

Life insurance is an essential part of securing any financial future but which type best fits your financial situation can be extremely confusing. Buying life insurance can replace income lost with the death of someone significant in your life. The cash provided can help ensure that people relying on you are not burdened with expenses or face the sale of an asset to pay outstanding debts. An important feature of life insurance is that usually no income tax is due on proceeds paid to beneficiaries.

LIFE INSURANCE FEATURES

Each of these life insurance policies has one or more of the features listed below:


  • Temporary Coverage or Permanent Coverage
  • Provides a Guaranteed Death Benefit
  • Focuses on Affordability
  • Can Provide Coverage for Your Lifetime
  • Covers Two Lives With One Policy
  • Has the Potential to Build Cash Value
  • Offers Growth Potential Based on Performance of Index or Market Performance
  • Features a Tax-advantaged Death Benefit 
  • Includes the Ability to Access Money in Your Policy
  • Offers Riders to Customize Your Policy



LIFE INSURANCE TYPES


Below is a list of types of life insurance and some of their features. Let us help you determine what best fits your needs.


Term Life Insurance: Term life provides coverage for a specified and limited period, known as the term. Premiums for most term policies tend to go up as you age or at the end of each renewal period. After the term ends, so does the policy and its coverage if it's not renewed.


Whole Life Insurance: Whole life or ordinary life insurance is a type of permanent life insurance. It provides coverage for the life of the insured and can build cash value, which is a savings feature. Premium payments typically remain the same for the life of the insured.


Universal Life Insurance: Universal life provides coverage for the life of the insured and also offers flexible premium payments and insurance coverage. The cost of your insurance protection and in some cases other costs are deducted from the cash or policy account value.


Variable Life Insurance: Variable life is a type of security that offers fixed premiums and a minimum death benefit. Unlike whole life insurance, its cash value is invested in a portfolio of securities. As the policyholder, you can choose the mix of investments from those the policy offers. However, the policy's investment return is not guaranteed and the cash value will fluctuate.


Variable Universal Life Insurance: This type of security combines features of universal life insurance and variable life insurance. It offers flexibility in premium payments and insurance coverage, as well as an investment account.


Helpfully videos and articles:


PROTECTING YOUR DEPENDENTS WITH LIFE INSURANCE & Do You Know Who Your Beneficiaries Are?


Financial Protection:

Using Insurance to Help Manage Life’s Risks



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