Life insurance can ensure your loved ones are cared for after you’re gone. You may also be able to use your policy as a source of cash should you need it, or you may invest its value for the chance of earning a return on your investment. We offer a variety of life insurance plans so you can select one that offers asset protection and best meets your needs.
Permanent life insurance
Universal or Whole life insurance may be for you if you want life-long coverage. The cash value of your policy can build over time, and you may be able to access that cash through a loan or withdrawal during your lifetime.
Universal life insurance allows you to adjust benefit levels, which can change your monthly payment. You may also want to consider Variable life insurance if you’d like to invest the cash value of your Universal policy. With a Variable policy, your premiums may go up or down based on investment performance and any adjustments you make to your benefit level.
Whole life insurance may be for you if you want your benefits to remain consistent and premiums to be fixed for your lifetime. As long as you pay your premiums on time, you’ll know your final expenses and beneficiaries will be covered after you’re gone.
Term life insurance
If you need coverage for a limited time, term life insurance may be the right choice for you. You can choose a 10, 15, 20, 25, or 30-year policy. Your premiums and coverage remain the same for that period. Typically term life costs less than permanent insurance, however there may be other benefits of permanent insurance that make it worth considering.