Life Insurance

Life insurance is a crucial step in planning for your future and the future of your loved ones.

Life insurance can serve many purposes. It can be used to protect your loved ones in the event of your untimely death, it can be used for burial and final expenses, it can be used to create cash value and aid in retirement planning. There are many types of life insurance that can meet your needs. Lets explore the basics.

Term Life Insurance provides life insurance protection for a specified period of time. Term life is sometimes convertible to permanent coverage, providing you with flexibility as your needs change. Term Life is always the most affordable option and offers larger face amounts but may not be the right fit for everyone.
Whole Life Insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life can be used as a final expense policy that will never expire or increase in cost.
Universal Life Insurance is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can offer cash value accumulation. It is the most versatile option since premiums and death benefit can be reviewed and altered as a policyholder’s circumstances change.