Life Insurance

Life Insurance can be used for many things from protecting assets to replacing income. Life Insurance is also used to create tax shelters and to leave legacies. There are many different types of Life Insurance plans and it is important to buy the type of plan that fits your goals and objectives.

Term Life Insurance

Term Life Insurance covers you for a fixed number of years, such as 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period. Most term insurance policies offer a level premium, level death benefit, and the ability to convert to a permanent policy if your needs change.

Universal Life Insurance

Universal Life is a form of permanent insurance that has flexibility in its design. You have flexibility in the premium and in the death benefit throughout the life of the policy. These policies can be used to build tax shelters or to create a level premium plan to last longer than term insurance.

Whole Life Insurance

Whole Life Insurance has guaranteed death benefit and guaranteed premiums for the life of the policy. These policies typically earn a dividend which can be used for buying additional death benefit, reducing premiums, or be paid in cash.