Term Life Insurance
Term Life Insurance is the perfect choice when you need temporary coverage. In addition, term life insurance typically provides more value for your dollar than any other type of life insurance product. You can easily renew many term policies and even convert them to permanent coverage with the same premium cost for the life of the policy.
Whole Life Insurance
Whole Life Insurance covers you for your entire lifetime. You’ll often guaranteed a set premium for the entire life of the policy. Because you pay premiums your entire life, whole life policies actually accrue cash value that you can borrow from at any time — at low interest. If you die with a loan against your whole life policy, the unpaid amount is simply deducted from the benefits.
Universal Life Insurance
Universal life policies combine the lifetime protection and cash value accumulation with the term insurance flexibility to adjust premiums and benefits. In essence, universal life is a whole life insurance product that lets you adjust premiums and benefits to fit the changes in your life as you grow older. You get all the benefits of term insurance — adjusting coverage as your needs change — with all the benefits of whole life insurance with an outstanding cash accumulation program.