Life Insurance

Life insurance is the most flexible type of insurance available and can be tailored to meet any circumstance you may need.

Term Life - Premiums are low, as you are purchasing pure life insurance. The premiums remain the same for a fixed number of years. Terms range from 10 years to 30 years depending upon your age. This kind of insurance is great if you are looking for the most coverage for your money. You may only need it for a defined length of time, for example, until the kids graduate college, or until your home mortgage is paid off.

Whole Life or Universal Life - Is considered permanent insurance and intended for your lifetime. Premiums are higher than term life, but plans build cash values that can be accessed if needed. Options can include 2nd to die or survivorship policies that can be used to fund inheritance tax issues. Single pay plans also known as Estate Maximization Plans allow a single premium to be deposited that will immediately generate a guaranteed increase of your estate from day one.

Burial or Final Expense - Policies are designed to take care of a person’s final expenses. Benefits range from $5,000 to $25,000. Intended for an older clientele, many plans have more liberal underwriting, but at a slightly higher cost.