LIFE
Insurance
Why life insurance?
Because your needs and life goals are unique. Learn more about how life insurance can help support you and your loved ones in almost any situation.
Getting married, buying a home, starting a family and approaching retirement are just a few of the life changes that can bring financial uncertainty. You can support the people you care about the most by eliminating some of that uncertainty.
These articles will help you gain a deeper understanding of why you might consider buying life insurance and how to help protect the financial future of your loved ones..
Products
Whole Life
Insurance
Whole life insurance is the most common type of permanent life insurance. Like other types of permanent life insurance (universal life insurance and variable life insurance, for example), whole life insurance provides coverage for as long as you live, as long as you remain up to date on paying your policy premiums.
Whole life insurance policies feature fixed premiums for the life of the policy. With plan premiums that won’t increase, you can experience improved transparency and predictability with your long-term life insurance costs.
Universal Life
Insurance
Universal life insurance is one type of permanent life insurance. Like all types of permanent life insurance policies, a universal life insurance remains in effect until you pass away, as long as you pay your policy premiums on time.
Similar to whole life insurance, a universal life insurance policy includes a cash value component that accumulates interest and may be accessed through withdrawals or loans.1 You can also use the cash value to pay your monthly policy premiums.
Term Life Insurance
Term life insurance provides coverage for a specific period of time. A term life insurance policy issues a payment to a beneficiary only if the policyholder dies while the policy is in effect and if they have paid their premiums on time and in full.
Term life insurance policies are commonly contracted for a term of 10 to 30 years, although shorter or longer terms can be available with some policies. If the policyholder outlives the length of the contract, the policy expires and no payout is made.
Guaranteed Life
Insurance
Guaranteed acceptance life insurance does not require a medical exam or any health questions as part of the application process. Guaranteed acceptance life insurance policies typically have age restrictions. 50 to 85 is a common age range, for example, but age requirements will typically vary from one policy to the next.
Guaranteed acceptance life insurance policies may have a graded death benefit for an initial period of time, which is often two years. If you were to die during this period, no death benefit would be paid out but the premiums you paid would be returned.
Carriers
