The main purpose of any life insurance policy is to act as income replacement for familes after the death of the insured. It provides the means to allow for such things as a family’s ability to continue with their current standard of living or paying for college. Life insurance can also be used as an investment product. There are everal types of life insurance, and one is right for your needs. Please call our office, and we will evaluate your needs and recommend a product that will coincide with your financial goals.

Term Life Insurance
Term Life Insurance is commonly the most inexpensive form of life insurance that provides protection for a specific period of time. A fixed face amount is paid to the beneficiary. There is no accumulation of cash in this particular type of insurance.

Whole Life Insurance
Whole Life Insurance, the most basic form of cash value life insurance, is life insurance that provides coverage for the insured’s entire life rather than a specified term. All Whole Life policies build up cash values. A fixed face amount is paid to the beneficiary.

Universal Life Insurance
Life insurance which combines the low-cost protection of term insurance with a savings component that is invested in a tax-deferred account, the cash value of which may be available for a loan to the policyholder. Universal life was created to provide more flexibility than whole life by allowing the holder to shift money between the insurance and savings components of the policy.

Please contact one of our agents to discuss which life product will best meet your needs at 1.800.864.3651.