LIFE INSURANCE

LIFE INSURANCE – (FIXED AND VARIABLE)

Term Life Insurance

Term Life insurance provides death-benefit protection for a stated time period with a level premium payment. Terms periods may be 10,15, 20, 25, 30 years, depending on the carrier.

Benefits:

  • Cover a larger, temporary risk
  • Low-cost, flexible product that may be convertible as needs change
  • Level premium payments

Universal Life

Universal Life Insurance, known as UL, is a flexible-premium, adjustable benefit life insurance policy that can also accumulate account value. Premiums and values are based on projections of assumed interest rates, the cost of insurance and the insurance company’s expenses.

Please keep in mind insurance companies alone determine insurability, and some people, for their own health or lifestyle reasons, are deemed uninsurable.