Security That Grows With You

Term Life Insurance

Think of term life insurance as a subscription. You choose how much coverage you want for a set period (your “term”) and pay a flat-rate premium each month. If you pass away during this time, your beneficiaries get a lump-sum payout (the “death benefit”). The rates stay the same throughout the term and are usually more affordable than whole life insurance.

Term life may work for you if:

• You need a policy that replaces your income for a set period, such as during child-rearing or to pay off a mortgage if you pass away.
• You need coverage for short-term financial obligations, like bank loans or credit card debt, in case of your passing.
• You need additional coverage for a limited time, such as while raising children or launching a business.
• You want the most cost-effective coverage.

Whole Life Insurance

Whole life insurance sticks with you for life as long as you keep paying the premiums. Your beneficiaries are guaranteed a payout when you pass away. Plus, part of your payments build a “cash value” that can grow over time and may be borrowed against tax-free. Because it covers you for the long haul, whole life premiums tend to be higher.

Whole life may work for you if:

• You want a policy that lasts your entire life, ideal for legacy planning or covering final expenses.
• You want a policy that accumulates cash value over time.
• You are approaching or at retirement age.

Payment Options:

• 10-Pay Life: Paid up in just 10 years with lifetime benefits.
• 20-Pay Life: Spread payments over 20 years for long-term affordability.
• Simplified Issue Whole Life: Quick and straightforward coverage with no medical exam.
• Single Premium Whole Life: A one-time payment for lifelong coverage and immediate cash value growth.