1. Term Life - Provides pure insurance protection (no cash value) for a defined length of time, often 5, 10, 20 or even 30 years. Term coverage is normally the most affordable choice. Some plans have a conversion option that allows you to continue coverage beyond the term's end which can be an important safeguard if a health issue occurs. It's a great way to buy the large quantity of insurance that is often needed to protect a young family and still stay within your budget.

 

2. Universal Life - A long duration policy that can provide cash accumulation, depending on funding levels, and offers great flexibility to adjust with changing needs. A Universal Life policy can also be structured to provide good "later-in-life" options. Often a Universal Life can provide very flexible Life Insurance coverages. A Universal Life policy can be a good choice over a wide range of Life Insurance needs for a moderate price.

 

3. Whole Life ("Permanent Life Insurance") - Guaranteed Benefit, Guaranteed Cash Value, Guaranteed Premium, Guaranteed Coverage to age 100. At age 100, the contract ends and pays you the full face value of the policy. While a Whole Life policy costs more in premium than either a Term or Universal Life contract in the short run, it's a great value in the long run. It's an excellent way to provide lasting protection for a spouse or to provide funding for final expenses.

 

 

Get a better deal with these additional discounts that you may qualify for:

       |  Auto & Life Insurance  
           - Most qualify for 5% off auto insurance

 

         |  Home & Life Insurance  
           - Most qualify for 5% off home insurance