Life Insurance

Term life insurance is a type of life insurance policy that provides coverage for a specified period, or "term," typically ranging from 10 to 30 years. It is designed to offer financial protection to beneficiaries in the event of the policyholder's death during the term. Due to its affordability it makes it an attractive option for individuals seeking substantial coverage at a lower cost, especially during critical financial periods such as raising children, paying off a mortgage, or covering educational expenses.

Universal life insurance is a type of permanent life insurance that offers both a death benefit and a cash value component. It provides flexibility in premium payments and the ability to adjust the death benefit amount over time. The cash value grows tax-deferred and can be used for various purposes, such as supplementing retirement income or covering unexpected expenses. Universal life insurance combines the protection of term life insurance with the savings element of whole life insurance, making it a versatile option for long-term financial planning.

Whole life insurance is a type of permanent life insurance that provides coverage for the policyholder's entire lifetime, as long as premiums are paid. It includes a death benefit and a cash value component that grows over time. The cash value can be accessed through loans or withdrawals and can be used for various financial needs, such as supplementing retirement income or covering unexpected expenses. Whole life insurance offers the dual benefits of lifelong protection and a savings element, making it a reliable option for long-term financial planning.