WHOLE LIFE INSURANCE
Individual Whole Life Insurance can be an effective method of protecting your family’s assets with guaranteed death benefits, level premium payments and permanent coverage that can never be cancelled as long as the premium is paid. Whole Life Insurance can offer mortgage protection as well as funding for retirement and education.
UNIVERSAL LIFE INSURANCE
Universal Life plans are good for any stage of life because they offer maximum flexibility. You can choose the amount of protection that best suits your needs, and adjust this coverage as your needs change. You can also control the amount and frequency of payments and make withdrawals or increase contributions as required. Interest rates can appreciate in these plans improving one’s savings.
TERM LIFE INSURANCE
Term Life Insurance is the most cost effective and simplest form of insurance. Coverage can be purchased for a specified period for which protection is needed. Ideal for persons who have a temporary need for life insurance protection, a Term Life policy can also be converted to a permanent policy.
An endowment policy allows the policy holder to accumulate a specific amount of money at a set price on a specific date. The policy also allows for a beneficiary to receive the specified amount of cash in the event of death of the insured prior to the endowment date.
FINAL EXPENSE BENEFITS
A Final Expense Insurance Plan can cover the financial obligations related to funeral, legal and even outstanding medical expenses and debts. Final Expense insurance is easy to obtain and requires no medical examination. It can be purchased in addition to traditional life insurance so that your beneficiaries need not use funds you allocated for their living expenses.
CREDIT LIFE INSURANCE
Designed to pay off your outstanding debts if you pass away, credit life insurance is ideal for mortgage and other large loans and decreases proportionately with the outstanding loan amount as the loan is paid off over time.