LIFE INSURANCE

Term Life Insurance is the most straightforward form of protection. You generally pay premiums on a monthly or annual basis and your family is protected for that "term" which is commonly for 20 and 30 years offering affordable protection to fit your needs, time frame, and budget.

Like other types of Life Insurance, Term can helps provide for a family's loss of income, covering short-term debts and needs, supplement other policies to provide additional insurance protection during the child-raising years, can help pay off a mortgage and fund college education.

There are many different kinds, some have fixed rates, some are variable, some are guaranteed to certain ages and some are not. In some cases it may work as an in between for term and whole life. Any pros and cons of Universal along with Term and Whole Life must be weighed for each person's specific situation.

Whole Life helps your family prepare for the unexpected. It builds tax-deferred cash value you can use for a family's loss of income, mortgage costs, or educational needs -- or to leave a legacy for the next generation. Whole Life insurance policies offer level premiums and life insurance protection for as long as you live, provided that premiums are paid as required to keep the policy in force. They can be paid with a single premium, or periodic payment generally to around 100 years old. Policy loans do accrue interest, and any outstanding policy loans and interest will reduce the death benefit and cash value.