Life Insurance
Overview
Life insurance can help protect your family, loved ones, or business if the worst were to happen. There are a range of life insurance products you can select, from term life to cover you while you are raising a family; burial policies to prevent your family from bearing the costs for funeral and burial expenses; and whole life products. Additionally, business owners purchase life insurance to make estate planning easier, cover business loans, or purchase their shares from business partners if they pass unexpectedly. Thinking about death is difficult. But if the worst ever happened, an appropriate life insurance policy can help prevent undue financial challenges to your loved ones while they are also dealing with personal loss.
Life Insurance Products
Term Life
Universal Life
Whole Life
Term Life Insurance provides a simple and affordable solution for safeguarding your loved ones, business or financial obligations for a specific period. With coverage options ranging from 10 to 30 years, you can choose the term that best aligns with your needs and financial goals. Term life insurance offers a tax-free payout to your beneficiaries if you pass away during the coverage period, giving you peace of mind that your loved ones will be taken care of. One of the primary benefits of Term Life Insurance is its cost-effectiveness. Depending on age, health, and other factors, some people can get a 20-year term with $1,000,000 death benefit for as low as $300 per year.
Whole Life
Universal Life
Whole Life
Whole Life Insurance provides lifelong coverage with a built-in savings component that grows cash value over time. With the guarantee of a fixed cash value growth rate, you can enjoy the benefits of stability and security. Whole life insurance is a risk-averse option, ensuring that your premium remains locked for life, as long as you keep up with payments. One of the key advantages of Whole Life Insurance is its lifelong coverage, which offers financial protection for your loved ones no matter when you pass away. The policy's cash value grows tax-deferred, giving you the flexibility to borrow from it or withdraw funds to supplement your retirement income. Unlike term life insurance, Whole Life Insurance offers both lifelong coverage and a savings component, ensuring that your premiums remain stable throughout your lifetime. The guaranteed cash value growth rate allows you to build a financial safety net and potentially utilize it during your lifetime. With Whole Life Insurance, you gain the peace of mind that your loved ones will receive a tax-free payout upon your passing, and your cash value remains separate for your personal use.
Universal Life
Universal Life
Universal Life Insurance offers lifelong coverage with the flexibility to adjust death benefits and premiums as your financial needs change. Unlike whole life insurance, which maintains fixed premiums and benefits, Universal Life Insurance allows you to adapt your coverage and skip premiums if the cash value can cover the cost for that month. The policy's cash value acts as a built-in savings account, providing you with more control over your premiums and policy.
With Universal Life Insurance, you gain financial freedom and peace of mind to protect your loved ones and adapt to life's changing circumstances.
Variable Life
Variable Life Insurance offers a combination of lifelong coverage and investment opportunities through a range of investment options, such as mutual funds.
Indexed Universal Life
Indexed Universal Life
Indexed Universal Life (IUL) insurance offers a flexible and lifelong coverage option that builds cash value through equity index accounts.