How much Life Insurance do you need? 

Tips to ensure accurate exam results when applying for Life Insurance

What Life Insurance products are right for you and your family?

Term Life Insurance

Term life insurance is the most basic kind of life insurance. It provides affordable protection for a pre-defined period of time, so it is often used to serve temporary protection needs. If the insured should die while the policy is in force, the face amount is paid to the named beneficiary. At the end of the premium guarantee period, the insured can renew the coverage at a higher premium. The premium for term life insurance is initially lower than a comparable permanent insurance policy; however, premiums increase as the insured gets older and continues to renew the policy.

The following term insurance policies are generally available for purchase:

• One Year Renewal Term
• Five Year Term
• Ten Year Term
• Fifteen Year Term
• Twenty Year Term
• Thirty Year Term
• Term Insurance to Age 65

Permanent Life Insurance

Whole Life Insurance and Universal Life Insurance Plans - are used when protection needs are more long term. There are many kinds of permanent life insurance plans available, each of which has unique features that make them appropriate for certain situations.

The two main categories of permanent life insurance are fixed and variable.  Fixed Life Insurance products accumulate cash value at a pre-defined, guaranteed minimum interest rate or guaranteed cash value while Variable Universal Life Insurance products are designed to provide an insurance benefit under your policy, but do not guarantee a minimum rate of return.  They will fluctuate up and down depending on the performace on the applicable investment divisions.

Survivorship Life Insurance is a life insurance policy that covers two individuals and provides a life insurance benefit after the death of the last surviving insured. Survivorship policies can be whole life, universal life, or variable universal life insurance plans - and are generally used as an estate planning tool.

Life Insurance Coverage for Businesses

Businesses can use life insurance contracts to provide benefits to Key Employees - while protecting their businesses from the loss of a valuable employee or employees. Corporate Owned Life Insurance contracts can be used to provide benefits for select employees - Executive Bonus and Deferred Compensation arrangements can be funded using life insurance policies.