Simple and Affordable
Term insurance is generally more affordable than cash value life insurance, which offers both death protection and the potential for cash value growth.
Term life insurance can be a great way to get the coverage you need at an affordable price. It can be a good choice if you have short-term goals, such as paying off a loan or providing extra protection.
Key Features of Term Life Insurance
Permanent Life Insurance Policies
A universal life insurance policy is an affordable permanent life insurance option that remains in effect for your entire lifetime. The amount of coverage you have and the age at which you apply will determine the rate charged to you, as will your health status. Universal life insurance is a popular choice because it can be more affordable than other forms of permanent life insurance
Whole life insurance is a slightly more expensive permanent life insurance option that is intact until you pass away. Your coverage can range from enough to cover your funeral expenses to a wide range of values that fit your budget. Whole life policies have fixed premiums for the lifetime of the policy – and they are most attractive because they guarantee a death benefit and come with a built-in cash value.