|
|
|
easy, affordable coverage set for typically 10 to 30 years.
Term life insurance policies provide is basically based on a simple idea: your policy is for the amount of benefit you need, for the length of time you need it.
Term life insurance has long been the financial product to which businesses, families and individuals have turned when they need large amounts of life insurance coverage at a minimal initial expense.
Because it is “pure” insurance coverage –there is no buildup of cash value – term life insurance may be an ideal way to meet current, and often critical, insurance needs at affordable rates. This can be especially true for young families or new businesses just starting out. And with its built-in conversion feature, term life insurance is often used as a stepping – stone to a permanent plan.
As its name implies, term life insurance provides coverage for a specified period – a “term” of years. Before purchasing this type of coverage,
However, be sure that the term policy – and the company you select – can protect your options for both the short and long duration.
Term life insurance policies provide is basically based on a simple idea: your policy is for the amount of benefit you need, for the length of time you need it.
Term life insurance has long been the financial product to which businesses, families and individuals have turned when they need large amounts of life insurance coverage at a minimal initial expense.
Because it is “pure” insurance coverage –there is no buildup of cash value – term life insurance may be an ideal way to meet current, and often critical, insurance needs at affordable rates. This can be especially true for young families or new businesses just starting out. And with its built-in conversion feature, term life insurance is often used as a stepping – stone to a permanent plan.
As its name implies, term life insurance provides coverage for a specified period – a “term” of years. Before purchasing this type of coverage,
However, be sure that the term policy – and the company you select – can protect your options for both the short and long duration.
Lifelong Protection with Whole Life Insurance
Whole Life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.Over time, whole life policies build cash value that grows tax-deferred, and can be accessed during your lifetime.
Whole Life insurance is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.Over time, whole life policies build cash value that grows tax-deferred, and can be accessed during your lifetime.
Flexibility to change payments, premiums and death benefit options
Universal life insurance is type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup. The death benefit, savings component and premiums can be reviewed and altered as a policyholder's circumstances change.
Universal Life Insurance premiums are paid into your policy's account value (after a premium expense charge), where it earns interest. Every month, various deductions, such as a charge for insurance protection, are then made from the account value. You have the ability to take loans or make withdrawals from the account value for your personal needs. The policy continues as long as the cash value is sufficient to cover the various deductions each month.
Universal life insurance is type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup. The death benefit, savings component and premiums can be reviewed and altered as a policyholder's circumstances change.
Universal Life Insurance premiums are paid into your policy's account value (after a premium expense charge), where it earns interest. Every month, various deductions, such as a charge for insurance protection, are then made from the account value. You have the ability to take loans or make withdrawals from the account value for your personal needs. The policy continues as long as the cash value is sufficient to cover the various deductions each month.
- Flexibility — You decide the amount of life insurance and premium payments subject to policy minimums.
- Death benefit — Life insurance proceeds are generally income tax free to the beneficiary.
- The growth in cash value is tax-deferred under current federal income tax law.
- Access to cash value — The cash value can be accessed to help with education expenses, provide a retirement supplement, or other personal objectives.
Flexibility to change payments, premiums and death benefit; option to take investment risks in return for a possible higher cash value
Like universal life insurance, variable universal life insurance combines a separate savings component with a separate death benefit component, allowing for greater flexibility in managing the policy. Premium payments are paid into the savings component, which, for variable universal life insurance, consist of separately managed accounts also referred to as sub-accounts.
Variable universal life insurance provides death benefit protection, the potential to build cash value and flexible premium payments. Premiums are invested in your choice of underlying portfolios offering different levels of risk and growth potential. Any earnings generated from the investment options are credited to your policy’s cash value.
Like universal life insurance, variable universal life insurance combines a separate savings component with a separate death benefit component, allowing for greater flexibility in managing the policy. Premium payments are paid into the savings component, which, for variable universal life insurance, consist of separately managed accounts also referred to as sub-accounts.
Variable universal life insurance provides death benefit protection, the potential to build cash value and flexible premium payments. Premiums are invested in your choice of underlying portfolios offering different levels of risk and growth potential. Any earnings generated from the investment options are credited to your policy’s cash value.
Viable option for people looking for the security of a fixed universal life policy and the interest-earning potential of a variable policy
Indexed universal life insurance provides death benefit protection and the opportunity to build money inside your policy, called cash value, based in part on the increases of market indexes. Even if these indexes dip, you’re still safe with a guaranteed minimum interest rate.
Indexed universal life insurance provides death benefit protection and the opportunity to build money inside your policy, called cash value, based in part on the increases of market indexes. Even if these indexes dip, you’re still safe with a guaranteed minimum interest rate.
- Death benefit protection
- Money inside your policy grows income tax-deferred in fixed and indexed strategies
- Greater growth potential than traditional universal life
- Guaranteed not to have a negative index crediting rate even in a down market
- Flexibility in how you want to pay premiums
