Term life insurance is the most basic type of life insurance. It provides coverage for a set period of time, typically 10, 20, or 30 years. If the policyholder dies during the term of the policy, the beneficiaries receive a death benefit. Term life insurance is generally the most affordable type of life insurance and is a good choice for those who need coverage for a specific period, such as to pay off a mortgage or to provide for children until they reach adulthood.

WHOLE LIFE INSURANCE

Lifelong protection and lasting peace of mind.

Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the policyholder. It includes both a death benefit and a cash value component, which grows over time and can be borrowed against or used to pay premiums. Whole life insurance is typically more expensive than term life insurance but provides lifelong coverage and can be a good choice for those who want to leave a legacy or have a lifelong financial obligation.

INDEXED UNIVERSAL LIFE

Flexible protection with market-driven growth.

Indexed Universal Life (IUL) insurance is a type of permanent life insurance that provides lifelong coverage along with a cash value component that grows based on the performance of a specified stock market index, such as the S&P 500. This policy offers the flexibility to adjust premiums and death benefits, allowing policyholders to tailor their coverage to their changing financial needs. The cash value grows on a tax-deferred basis and can be accessed through policy loans or withdrawals. With the potential for higher returns compared to traditional universal life insurance, an IUL can be an attractive option for those seeking both protection and the opportunity to build cash value linked to market performance.