Life Insurance Options
There are numerous life insurance options available, and I’m here to help you explore them all. When we connect, I’ll guide you through each option, addressing any questions you may have along the way, so you can make an informed and confident decision.
Term Life
Universal life insurance is a flexible type of permanent life insurance that combines a death benefit with a cash value component. You can adjust your premiums and the death benefit amount over time, allowing you to tailor the policy to your changing financial needs. The cash value grows at a variable interest rate and can be accessed or borrowed against during your lifetime, providing both protection and potential savings.
Whole Life
Whole life insurance is a type of permanent life insurance that provides a death benefit to your beneficiaries and includes a cash value component that grows over time. With fixed premiums that remain the same throughout your life, this policy offers lifelong coverage and a guaranteed cash value accumulation, making it a stable and predictable option for long-term financial planning.
Universal Life
Term life insurance provides coverage for a specific period, usually ranging from 10 to 30 years. If you pass away during the term, your beneficiaries receive a death benefit. This type of insurance typically has lower premiums compared to permanent policies, making it an affordable option for those who need financial protection for a set timeframe, such as while raising a family or paying off a mortgage. However, it does not build cash value and expires at the end of the term.
Final Expenses
Final expense life insurance is a type of policy designed to cover the costs associated with end-of-life expenses, such as funeral and burial costs. It typically has a smaller death benefit, making it more affordable than other life insurance options. This coverage helps relieve the financial burden on your loved ones during a difficult time, ensuring they can honor your wishes without added stress.
