Term Insurance (Level)

Provides life insurance only for a limited period of time, or term. Premiums are fixed for a specified period of time.

Common Uses;

financial support for surviving spouse, mortgage protection, key employee, business buy-sell agreement, charitable gifts

(Typically 5, 10, 15, 20 and 30 years)

Return of Premium

Provides life insurance only for a limited period of time, or term. However, unlike a basic term insurance policy 100% of premiums are returned at the end of the term period. The annual premiums are fixed for a specified period of time.

Common Uses;

financial support for surviving spouse, mortgage protection, key employee, business buy-sell agreement, charitable gifts

(Typically 15, 20, and 30 years)

Whole Life / Universal Life

Both are considered to be permanent insurance, and are designed to provide protection for the entire life of the insured.

Whole Life Insurance offers level premiums, level coverage and cash values. Cash values typically increases based on the insurance company's general asset account portfolio performance.

Universal Life Insurance offers a level or adjustable premium and coverage with cash values. Cash values may increase based on the performance of certain assets held in the insurance company's general account.

Some of the newest UL products offered which are quoted on this site are the guaranteed to age 100. The guaranteed include both death benefit and premiums.

Common Uses;

financial support for surviving spouse, mortgage protection, key employee, business buy-sell agreement, charitable gifts, financial planning, estate & inheritance tax estate planning, cash value as a supplemental source of college education expenses or retirement income

(Typically to age 100)

Simplified Issue

Coming soon

Guaranteed issue

Coming soon