LIFE INSURANCE
WHAT IS
TERM LIFE INSURANCE?
Term life insurance is life insurance coverage provided at a fixed rate for a limited period of time -
the term you choose.
Typical terms are:
10 year term
20 year term
30 year term
Until age 65
Typical terms are:
10 year term
20 year term
30 year term
Until age 65
WHAT IS
WHOLE LIFE INSURANCE?
WHOLE LIFE INSURANCE?
Whole life insurance is life insurance that is guaranteed to last your entire life, as long as the required premiums are paid or past the
date of maturity. Unlike term life insurance which expires when the term has ended, whole life insurance lasts your entire life. The
benefit paid to your beneficiary is guaranteed tax-free when you pass away. This type of life insurance policy can be used for final
expenses for your beneficiary on your behalf or can also be used as an investment opportunity for your beneficiary/loved ones.
WHAT IS
UNIVERSAL LIFE INSURANCE?
TThere are many different types of life insurance, but universal life insurance is often seen as a
good option for securing your future. Universal life insurance provides coverage for your entire life, rather than for a set term,
and it also offers the flexibility to adjust your coverage as your needs change over time. Universal life insurance is affordable,
it builds cash value over time, and it offers tax-deferred growth on your investment.