Term Coverage Term life insurance is temporary life insurance that provides a lump sum tax-free benefit to beneficiaries on the death of the life insured. Premiums are guaranteed but will increase at renewal, such as every ten years. Term life…
Universal Life Insurance Universal life insurance is permanent life insurance that provides a lump sum benefit to beneficiaries on the death of the life insured. Premiums can be level and cash values can be used as an eventual source of…
Whole Life Insurance – Secure, Permanent Protection Whole life insurance provides lifelong coverage with guaranteed level premiums and a guaranteed cash value. It offers financial stability while allowing policyholders to build wealth over time. Depending on the type of policy, dividends can be used to…