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LIFE INSURANCE
Types of Life Insurance Policies
A range of policies is available to help you prepare for life's contingencies whether your needs involve mortgage protection or coverage for your family.
Term Insurance, as the name implies, serves temporary purposes when your need is for a specific period of time, such as 5, 10 or 20 years; until you reach a certain age; or until your children reach a certain age. At the end of the specified time, the policy expires. Term insurance premiums are generally less than permanent insurance premiums for individuals who are in the 20 - 50 age range. Term insurance can usually be converted into a permanent policy at a future date.
Permanent Life Insurance is used when the need for life insurance is expected to last for a longer span of time, or even for the whole insured's life. Permanent policies combine death benefits and a savings portion of your policy (less any applicable surrender charges). It also offers accessibility to funds via loans for emergencies and other needs. The three available types of permanent life policies are:
Universal Life Insurance provides the owner with flexible life insurance protection, plus a savings component in an interest bearing, tax-deferred account.
Variable Life Insurance provides the owner with all the benefits of universal life insurance protection, plus flexible investment options.
Whole Life Insurance is somewhat more expensive yet contains guaranteed premiums and cash values.
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 | From our President ... |
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Our commitment is to serve you with the highest degree of professionalism. You can expect our associates to utilize their extensive knowledge and experience to act as your personal insurance advisors. Our formula for success is quite simple - We work for you.
Thank you for your trust in us,
Dan Weber, President more details -> |
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