
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 Whole life insurance, as the name implies, is permanent insurance protection for the whole of life in exchange for a guaranteed level premium. Premium payments for whole life policies can be offset using dividends to pay premiums.…