Affordable Life Insurance

The primary purpose of life insurance is to ensure that your family will have financial security in the event of your death. However, these products can also meet other needs, such as saving for your child’s education or supplementing any retirement benefits.

Term Life

Term insurance is the simplest form of life insurance. Term insurance provides death protection for a stated time period. It provides temporary life insurance and can be purchased in large amounts for a relatively small initial premium. Term insurance is best suited for short range goals such as coverage to pay off a loan or to provide extra protection during a family’s child-raising years.

Permanent Life

There are several types of permanent life insurance such as universal, variable, and whole life. These permanent forms of life insurance can provide protection for a client’s entire lifetime, or in certain instances up to a specific age. Permanent life policies can build cash value, which is money the client can borrow against and, in some cases, withdraw to help obtain future goals, such as paying for their child’s college education.

Guaranteed Universal Life

The Guaranteed Universal Life product can offer a level premium and a no-lapse death benefit.

  • Security – Helps protect your loved ones against possible financial hardship.
  • Tax-Free Death Benefit – Under current tax laws governing individual life insurance, the proceeds are generally income tax free to the beneficiary.
  • Tax-Deferred account value growth – The policy’s account value earns interest at the carrier’s current interest rate—federal income tax deferred.

Whole Life

Premiums are generally level and payable for life – Since the premiums are level , the younger the individual is when purchasing a whole life policy, the less expensive the premiums will be.

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