Life Insurance
Term Life Insurance
- Coverage for a specified length of time only
- Level premiums for the specific term
- Tax-free death benefit
- No cash value
- No loans or withdrawals
- No dividends
- Convertibility options with some plans
- Used to pay final expenses, debts, income for your loved ones
Whole Life Insurance
- Coverage for your whole life
- Stable premiums locked in at your purchase age
- Tax-free death benefit
- Cash value accumulates tax-deferred
- Policy loan available
- Earns dividends
- Level benefit for your whole life
- Used to pay final expenses, debts, income for our loved ones; is an asset tool
Universal Life Insurance
- Coverage for your whole life
- Flexible premiums
- Tax-free death benefit
- Cash value accumulates tax-deferred
- Policy loan or withdrawals available
- Earns interest
- Coverage can be changed as your needs change
- Used to pay final expenses, debts, income for your loved ones; Offers flexibility and a savings element