What is Life Insurance?

1. Term Life Insurance: Term life insurance provides coverage for a specified duration with fixed premium payments. If the insured person passes away during the term, the death benefit is paid to the beneficiary. It's a cost-effective way to secure a substantial death benefit for a specific period.
2. Whole Life Insurance: Whole life insurance remains in effect for the insured's entire life and requires annual premium payments. It offers lifelong coverage with a cash value component.
3. Universal Life Insurance: Universal life insurance is a permanent policy where excess premium payments above insurance costs are credited to the policy's cash value, which earns interest. Monthly charges, including the cost of insurance, are deducted from the cash value, offering flexibility in premium payments.
4. Variable Universal Life Insurance: Variable universal life insurance builds cash value and allows policyholders to invest in various separate accounts, similar to mutual funds. The choice of investment accounts is at the discretion of the policy owner, offering potential growth through market investments.
5. Final Expense Life Insurance:  This insurance is tailored to cover end-of-life expenses, like funeral and burial costs, debts, and medical bills. It offers a modest death benefit to ease the financial burden on your loved ones, with affordable premiums and a straightforward application process. 

Contact us to learn more about the right Life Insurance for you.