Term Life Insurance satisfies the need for protection for a specific term – or time period.

It is best to cover chunks of time – such as “until retirement” or “until my kids graduate from college.”

Typical term periods are 10, 20 & 30 years. Term insurance has no cash value and is generally very affordable.

Businesses also need term insurance to satisfy a bank collateral or fund a buy out agreement.  Low cost, high face amount coverage is essential for any business today!                           

It’s also advisable to have a renewable & convertible contract. Although this feature does cost a bit more, the benefits later on can be tremendous.

Universal Life Insurance is a flexible type of policy that can be adjusted to meet your changing needs.

Death benefits can be guaranteed at a lower outlay than “whole life insurance." In fact, the guarantees exceed the current assumptions, and in many cases premiums may be customized to meet your financial time frame.

This is an excellent policy for long-term protection, if coverage is desired after age 75.

If the build up of cash surrender value is not important to the policy owner, a UL policy can be a very effective asset for a Trust.

Whole Life Insurance offers guarantees for the death benefit, premium and cash value.

Mostof these policies pay an annual dividend, which can be used to pay future premiums or add death benefit.

Whole Life contracts offer a guaranteed ever-increasing cash value account, that can be borrowed against at a fixed rate.  Any residual dividends can always be withdrawn without any loan interest.