Life Insurance
Most likely you are under-insured, procrastinated getting more and may have over estimated the cost and/or the benefit of life insurance. Whatever the reason, we are glad you're here!
Policy Types
Term Life Insurance
- Guaranteed death benefit for a fixed period
- Fixed premium.
- No cash value.
- Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.
- Initial premiums tend to be lower but will eventually increase.
Whole Life Insurance
- Guaranteed death benefit
- Guaranteed cash value
- Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.
- Level premiums that are guaranteed to never change.
Universal Life Insurance
- Flexible death benefit
- Flexible premium
- Policy cash values are credited a current interest rate that is set by the insurance company, which is subject to change, but will never be lower than a guaranteed minimum interest rate.
Indexed Universal Life
- Flexible death benefit
- Flexible premium
- Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.
- Downside protection through minimum guarantees3 to ensure that your cash value will not decline due to decreases in the Index.