Whole Life –

Whole Life Insurance provides coverage for your “whole life.” Premiums remain level throughout your lifetime and the death benefit remains level. Whole Life is more expensive at younger ages but is less costly than term insurance when an insured reaches older age. Since most of us will never outlive our need for some life insurance coverage, whole life is recommended as a part of your total insurance program. Whole Life builds cash values that can be used to supplement your retirement if the policy is surrendered or the cash value can be used to pay up the policy’s death benefit.

Universal Life –

Although Universal Life is less costly than Whole Life, it too can be used to provide coverage to age 95 or 100. Universal Life policies build cash values and are considered a less costly alternative to Whole Life in providing long term life insurance coverage.

Term Life –

Term Life Insurance is the least costly way to provide sufficient life insurance for family or for business protection. You choose a “term of time” you want the coverage to be in effect and your premium and death benefit remain level for that period of time. Most term life plans offer a guarantee that you can convert your term coverage to either Whole Life or Universal Life if you wish to carry the protection beyond the term period. Below are the published rates from one of our many term life companies.