Permanent Life Insurance (Medical & Non-Medical)
Permanent life insurance is an umbrella term for life insurance policies that do not expire. The two primary types of permanent life insurance are whole life and universal life. Whole life insurance offers coverage for the full lifetime of the insured and its savings can grow at a guaranteed rate. Universal life insurance also offers a savings element in addition to a death benefit but offers different types of premium structures and earns based on market performance.
Permanent Life Insurance is right for you if you are interested in:
WHOLE LIFE COVERAGE
NON CHANGING PREMIUMS
FINDING SOMETHING THAT WILL COVER THE COST OF YOUR FUNERAL AND PREPARE YOUR ESTATE FOR THE FUTURE OF YOUR FAMILY.
Term Life Insurance
Term life insurance is life insurance that guarantees payment of a stated death benefit during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the policy to terminate.
Term Life Insurance is right for you if you are:
NEEDING AFFORDABILITY AND VALUE
LOOKING FOR TEMPORARY PROTECTION AS IF YOU WERE TO COVER A MORTGAGE OR BUSINESS LOAN, OR UNTIL YOUR CHILDREN ARE FINISHED SCHOOL
A BUSINESS OWNER WHO NEEDS KEY PERSON PROTECTION AND/OR A WAY TO FUND BUY OR SELL AGREEMENT.